The global semiconductor shortage has impacted everything from the videogame industry to automotive manufacturing. While companies like Bosch increase investment in microchip manufacturing, the demand for products only continues to rise. As a result, the supply chain disruptions still hinder countless industries, and a recent US Department of Commerce study shows that the shortage will persist in 2022.
While demand in the U.S. ranks among the highest in the world, 80 percent of the microchips in products consumed by Americans are manufactured in Asia. That reliance on foreign-made semiconductors has driven down the available chip inventory for U.S. brands. In 2019, companies reported having a 40-day microchip supply. In late 2021, many of those same brands only had a 5-day supply on hand.
