Chip shortage crimping output of electronics By MA SI | China Daily | Updated: 2021-04-16 09:08 Share CLOSE Technicians test chips at a company in Shehong, Sichuan province. [Photo by LIU CHANGSONG/FOR CHINA DAILY]
The ongoing global chip shortage is crimping production of certain personal computers, smartphones and automobiles, and semiconductor component prices are rising significantly, experts and company executives said.
More than 20 integrated circuit companies have raised prices of their products and manufacturing services starting April 1, ranging from semiconductor material plants to chip design and manufacturing facilities, according to data compiled by the financial news outlet 21st Century Business Herald.
Chip shortage crimping output of electronics
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China s car market continues to show big gains as its economy bounces back
China s new vehicle market continued to rebound strongly in March 2021, with sales rising by 75% to 2.53 million units from 1.44 million in the same month of last year, based on passenger car and commercial vehicle wholesale data released by the China Association of Automobile Manufacturers (CAAM).
At the low point of the COVID pandemic, in February 2020, total vehicle sales in China plunged by 79% year-on-year followed by a 43% drop in March.
The country s economy is estimated to have rebounded by close to 18% in the first quarter of 2021 after shrinking by 6.8% a year earlier, with strong domestic and overseas demand driving a sharp rise in industrial output. The World Bank last month said it expects economic growth to exceed 8.0% in 2021.