In 2021, the auto industry missed out on producing 7.7 million vehicles and lost $210 billion in revenue … all because of something less than an inch in diameter.
Semiconductors (aka computer chips) conduct electricity when heated. We can find them in computers, smartphones and much more. If it uses power, it uses semiconductors.
The COVID-19 pandemic put a serious cramp in producing these tiny components, halting production of vehicles and other goods.
Now semiconductor manufacturers are dealing with the backlog of demand and increased future need.
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