https://safirsoft.com The chip shortage is now exacerbated by labor shortages

Material costs will also rise and the shortage will continue until 2022.

According to a new industry survey, the shortage of semiconductor chips will continue for some time. More than half of the companies surveyed by the IPC said they expect the shortages to continue until at least the second half of 2022. Now, this has been exacerbated by rising costs and labor shortages.

According to the survey, 80% of chip manufacturers said it is difficult to find workers who need special training to be able to train the highly toxic compounds used in semiconductor production. The problem is worse in North America and Asia, where more companies are reporting labor costs than in Europe. But only a third of Asian chip makers say it is difficult for them to find qualified workers. , compared to 67% of North American companies and 63% of European companies. This may explain why a small number of Asian semiconductor companies (42%) reported an increase in late orders, compared to 65% for North American firms and 60% for European firms. Less than half (46%) said they retrained their existing workers to fill the gaps, and 44% said they would raise wages to make jobs more attractive. Other common measures include more flexible hours and more training opportunities for workers.

Even most of the companies surveyed said rising material costs were a problem - 90 percent globally, and nearly all said the trend would continue for at least another six months. IPC says chip makers' profit margins are falling as a result. According to AlixPartners, the auto industry will lose $210 billion in revenue in 2021 and forecast a production shortfall of 7.7 million vehicles worldwide. This case also attracted the attention of the United States government. On Thursday, Commerce Secretary Gina Raimondo will meet with automakers and technology companies, as well as semiconductor companies, to see if the federal government can help.

The chip shortage is now exacerbated by labor shortages
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