• DAILY UPDATES
  • MARKETS
    • Forex
    • CFDs
    • Spot Metals
    • Indices
  • ANALYSIS
    • Fundamental Analysis
    • Technical Analysis
  • ARTICLES
No Result
View All Result
FTD Limited
  • DAILY UPDATES
  • MARKETS
    • Forex
    • CFDs
    • Spot Metals
    • Indices
  • ANALYSIS
    • Fundamental Analysis
    • Technical Analysis
  • ARTICLES
No Result
View All Result
FTD Limited
No Result
View All Result

The Chip Shortage is Getting Worse

FTD Limited by FTD Limited
September 24, 2021
Reading Time: 2 mins read
A A
The Chip Shortage is Getting Worse
0
SHARES
28
VIEWS
tweetpostshare

As part of the government’s effort to figure out how to help, the Biden administration is collecting data regarding problems affecting the chip shortage.

Semiconductor and auto manufacturers will meet with President Biden at the White House on Thursday to discuss strategies for reducing automobile production bottlenecks and to deal with potential problems associated with the spread of Covid-19’s Delta version.

Detroit’s Big Three is expected to attend the conference, which comes as projections for car production lost due to the increase in chip shortage. As part of the government’s effort to figure out how to help, the Biden administration is soliciting information regarding a variety of issues affecting the shortage. 

The conversations will be led by US Secretary of Commerce Gina Raimondo and National Economic Council Director Brian Deese. The administration has already convened other conversations with chip firms and other businesses about supply problems.

The apparent

 method to expand production is to build more factories, but this is hardly a magic solution. New facilities are expensive, usually costing billions of dollars, and there is no guarantee that demand will continue to grow in the future.

Effects of Chip Shortage

Because the number of chips used in automobiles has increased, the shortfall has particularly affected the automotive industry. Assisted driving and hybrid engines often utilize a lot more chips than previous models that don’t have modern features.

According to the consulting firm AlixPartners, the automobile sector could lose $210 billion in revenue this year because of chip shortages and other supply bottlenecks. That’s more than double the level of losses predicted just a few months ago. Also, according to AlixPartners, car manufacturers will lose 7.7 million vehicles this year, up from 3.9 million predicted in May.

Learn more about us
Tags: chip shortagesemiconductor
TweetShareShareSend
Previous Post

Dollar Index Outlook After The FOMC

Next Post

Ex-Mayor of Kabul Continues to Run City under Taliban

Related Posts

COT Weekly Non-Commercial Net Positions
CFDS

COT Weekly Non-Commercial Net Positions

Silver Slowed Down After the Massive Run
CFDS

Silver Slowed Down After the Massive Run

S&P 500 Bulls to Make Another Attempt to Break the Trend
DAILY UPDATES

S&P 500 Bulls to Make Another Attempt to Break the Trend

Mixed Course in Asian Stock Markets
DAILY UPDATES

Mixed Course in Asian Stock Markets

Oil prices
DAILY UPDATES

Break to China Rally in Oil

IMF
DAILY UPDATES

Year-End Forecast from IMF

Next Post
the mayor of Kabul, Daoud Sultanzoy

Ex-Mayor of Kabul Continues to Run City under Taliban

You might also like

Monthly FX Market Outlook

Monthly FX Market Outlook

What is RSI

What is RSI and How to Use It Effectively? 

Psychology of trading plays a vital role in one's trading decisions

Trading Psychology

Differences between MT4 and Mt5

MT4 and MT5’s Differences – How to See the Total Lot Sizes in MT5?

Regulated and Licensed Forex Brokerage Company

Regulated Entities

FTD Limited's White Label Program gives you a chance to have your own brand within financial markets.

White Label Solutions

Recent Posts

  • COT Weekly Non-Commercial Net Positions
  • Silver Slowed Down After the Massive Run
  • S&P 500 Bulls to Make Another Attempt to Break the Trend
  • Mixed Course in Asian Stock Markets
  • Break to China Rally in Oil
FTD Limited

The content of the site is presented for informational purposes only not to give any investment advice which mainly focuses on financial instruments such as Forex, Spot Metals, CFDs, and Indices.

MENU

  • DAILY UPDATES
  • MARKETS
  • ANALYSIS
  • ARTICLES

Latest Articles

  • COT Weekly Non-Commercial Net Positions
  • Silver Slowed Down After the Massive Run
  • S&P 500 Bulls to Make Another Attempt to Break the Trend

Subscribe to our newsletter and get notified about the next update.

    © 2021 FTD Limited

    FTD Articles is a website prepared by FTD Limited's research team. FTD Limited is an online brokerage company offering products of Forex, Spot Metals and CFDs.

    The ideas and the information shown here have no responsibility of any of the trading decisions made by the investors or the visitors of this site. Therefore, under no circumstances will FTD Limited nor FTD Articles be held responsible or liable in any way for any claims, damages, losses, costs or liabilities resulting or arising directly or indirectly from the use of website content. We recommend that you seek advice if you have not involved with trading before in order to prevent potential risks that may arise.

    No Result
    View All Result
    • DAILY UPDATES
    • MARKETS
      • Forex
      • CFDs
      • Spot Metals
      • Indices
    • ANALYSIS
      • Fundamental Analysis
      • Technical Analysis
    • ARTICLES

    © 2021 FTD Limited

    FTD Articles is a website prepared by FTD Limited's research team. FTD Limited is an online brokerage company offering products of Forex, Spot Metals and CFDs.

    The ideas and the information shown here have no responsibility of any of the trading decisions made by the investors or the visitors of this site. Therefore, under no circumstances will FTD Limited nor FTD Articles be held responsible or liable in any way for any claims, damages, losses, costs or liabilities resulting or arising directly or indirectly from the use of website content. We recommend that you seek advice if you have not involved with trading before in order to prevent potential risks that may arise.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.