Months go by, but the situation does not improve. However, at the beginning of 2021, optimism seemed warranted and hopes of ending the microchip shortage by the end of the year were there. That hope has largely disappeared and we have been speaking for several years now in hopes of a return to normal.
That’s exactly what Jim Whitehurst, president of IBM, thinks. Quoted by the BBC, he estimates the problems could last two more years. According to him, industry is struggling to meet the demand created by the recovery of the world economy. While some factories had to close during the pandemic, production delays accumulated. At the same time, the purchase of devices such as game consoles, smartphones and computers has increased during this embargo.
The European Union and the United States are active on this issue
Jim Whitehurst explains, “There is a long time lag between developing a technology, building a manufacturing facility, and releasing the chips. In all honesty, it will be a few years before we have enough extra capacity to fix all aspects of the chip shortage. “”
To prevent the problem from recurring in the future, the market leader suggests that consideration should be given to “reusing and extending the life of certain types of computer technologies”. Investing in manufacturing facilities for more robust supply chains also seems essential.
Remember that the European Union decided to tackle this problem. The aim is to increase the proportion of advanced semiconductors produced on the old continent to 20% by 2030. To achieve this, the idea of a gigantic European foundry is put forward. The Commission has also reached out to major industrialists in this sector and would be ready to put billions on the table to achieve this.
The United States is not left out, and Joe Biden has issued a number of executive orders to help strengthen the microchip supply chain over the long term. The manufacture of semiconductors in the USA is also one of the clearly defined goals.
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