The global chip shortage, which first reared its head late last year, has sent shockwaves across industries. According to Goldman Sachs, at least 169 industries, from automobiles and guided missiles to lawn equipment and shipbuilding, have faced disruptions due to the shortage, potentially shaving 1% off US GDP in 2021.

The pandemic combined with electrical grid failure and maritime disasters has led to a perfect storm for the US$ 522 billion semiconductor industry. But, with the effects of the crisis said to last until 2022 it begs the question of what led to the chip shortage? What are the implications of the shortage? How can we fix it?

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Host   - Aishwarya Singh

Editor - Kishore Kumar