What does "Semicon Chip Shortage" mean?
The current semiconductor chip supply shortage is impacting almost every business around the world. Even the most unassuming of businesses can feel the squeeze. It ranges from technology to retail and just about everything in between. The crisis we’re facing has been caused by a perfect storm of worldwide shortages of semiconductor chips.
Semiconductor chips are used in almost every bit of technology you use today. From the computer on your desk, to your cell phone, to things like security systems and even automatic door openers on grocery store doors. Any technology that you rely upon to function daily is probably powered by semiconductor chips.