With an ongoing semiconductor shortage, due to increased demand, start-up of new semiconductor manufacturing plants cannot come soon enough.
Demand for semiconductors is as much as 17% higher in 2021 than it was in 2019, and consumers aren’t seeing commensurate increases in the available supply, according to the US Department of Commerce. Adding to this strain, the majority of on-stream semiconductor manufacturing facilities are operating at or above 90% utilisation, meaning there is limited additional supply to bring online without building facilities.
The semiconductor shortage has been a hot topic in the US since the start of the coronavirus pandemic (Covid-19), as demand for electronics saw incredible growth when families were restricted to their homes during lockdowns, resulting in the need for new forms of entertainment or new computers to support work from home advice. However, as the world slowly begins to open up again, these strains are still being felt by the industry.
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