Global chip crisis: US companies’ semiconductor stock is dwindling

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The US Department of Commerce announced that the semiconductor stocks of chip manufacturers in the country decreased due to the global chip crisis.

According to the results of the ministry’s survey with more than 150 companies, while companies had 40 days of stock in 2019, this decreased to five days in the last period of 2021.

In addition to the production and supply problems experienced during the pandemic, a large increase in electronic device sales caused the manufacturers to be unable to keep up with the demand.

The failure of chip production to keep up with the demand has deeply affected many sectors such as automobiles, white goods and smart phones.

“The only solution in the long run is to increase domestic production,” said US Secretary of Commerce Gina Raimondo.

According to the results of the survey, the demand for semiconductors used in chip production increased by 17 percent in 2021 compared to 2019.

On the agenda of the US House of Representatives, there is a $52 billion package that aims to develop semiconductor production and R&D studies in the country.

US President Joe Biden has been following a policy of increasing chip production in the country for a while.

Intel, one of the largest manufacturers, announced that it plans to establish one of the largest chip manufacturing facilities in the world with an investment of $ 20 billion in the state of Ohio.

South Korean company Samsung also announced in November that it aims to build a $17 billion computer chip factory in the state of Texas.

This facility, which will be Samsung’s largest investment in the USA, is expected to start production in 2024.

mn-3-tech