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Chip shortage forces Daimler to cut factory working hours; will affect 185,000 workers

Chip shortage forces Daimler to cut factory working hours; will affect 185,000 workers PUBLISHED BY The world is facing a serious chip shortage, which has affected the auto, smart devices and any other industry that uses semiconductors. The pandemic, the Texas winter storms, and a fire in a Japanese plant owned by Renesas Electronics, one of the world’s biggest makers of chips for the automotive industry, have all upset any predictions for this coming year.  Car productions have been hit across the world due to a chip shortage and the diverting of supplies to consumer electronic goods that saw an explosion in demands during the pandemic year. The lockdowns forced people to operate from home, which led to increasing demands for smart gadgets to stay connected.

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