Pakistan’s automobile industry is now hit by a global semiconductor shortage

According to industry insiders, the global shortage of semiconductor chips is affecting Pakistani car and home consumers. According to them, the lack of availability also affects the price and delivery time of chips, Express Tribune reported.

According to media reports, South Korea, China and the United States have announced plans to fund semiconductor research and home manufacturing. Pakistan’s publication cites CNBC, which quoted Moody’s analysts this month, as a country promoting the production of its own semiconductor chips, which is globally lacking because it is a “national security issue.” is increasing.

(Read again | In India’s response to the chip crisis, the center is backing the local semiconductor industry)

In July, China’s car sales were affected by rising demand for semiconductors and raw material prices, straining China’s economic recovery and squeezing world trade.

The Wall Street Journal, citing the China Passenger Car Association, reported that June passenger car sales fell 5.1% year-on-year to 1.58 million units.

The global chip shortage crisis broke out in mid-2020 when countries began imposing blockades to combat the COVID-19 epidemic. According to The News International, more and more people are staying at home and working from home, and the demand for electronic devices and the computer chips they contain has skyrocketed.

(Read again | Volkswagen may cut production due to chip crisis to follow Toyota)

The shortage crisis was exacerbated by a sharp recovery in demand from the automotive industry later that year. Since then, the seriously overloaded semiconductor industry has further reported that it has been struggling to keep up with the market demand of about 160 industries.

This story was published from a news agency feed without changing the text. Only the heading has changed. Pakistan’s automobile industry is now hit by a global semiconductor shortage

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