WeChat QR Code

Home>News Center

Security concerns over chip shortage are pushing governments to act, Moody’s says

2021-08-04 09:15:23       source:CNBC

August 3, 2021


More countries are pushing to produce their own semiconductor chips, which are in short supply globally, because “it’s a matter of national security,” said an analyst at Moody’s.


Memory chips are crucial for making a wide range of products. They’re in smartphones, gaming consoles like PlayStation 5, household appliances like fridges and washing machines, alarm clocks, and even cars. They are also used in data centers, which are full of computer servers.


"I think the main problem really is that new supply is hard to come by and the surge in demand is not going to be abetting anytime soon," Timothy Uy, an associate director at Moody's Analytics, told CNBC's "Squawk Box Asia" on Monday.


Read more:

https://www.cnbc.com/2021/08/04/moodys-analytics-on-global-semiconductor-shortage-and-governments.html