Chip Shortage: There was already a shortage of chips due to the Corona epidemic and now this crisis may increase further due to the ongoing war between Russia and Ukraine.
Chip Shortage: There was already a shortage of chips due to the Corona epidemic and now this crisis may increase due to the ongoing war between Russia and Ukraine. This apprehension has been expressed in a report by Moody’s Analytics. Both Russia and Ukraine provide raw material for the chip in large quantities. 44 percent of the world’s palladium comes from Russia, while 70 percent of the neon comes from Ukraine and both of these are used as raw materials for making chips. Chips are used to make automobiles, mobile phones and consumer electronics and other goods. The Moody’s report has feared that due to the fight between the two countries, there may be a chip shortage at the global level.
Kavach Train Protection System: ‘Kavach’ made in the country will prevent trains from colliding, India has made special technology, other countries will also get help
This was the situation even seven years ago.
About seven-eight years ago in the year 2014-15, the price of neon had increased manifold in the war between Russia and Ukraine. From this it can be estimated that the ongoing war between the two countries is so serious for the semiconductor industry. In such a situation, if the situation between Russia and Ukraine does not normalize soon, then there may be a huge shortage of chips.
India VIX jumped in the turmoil of the stock market, what does it mean and why is it important for investors to understand it?
This will be the effect of chip shortage
- Semiconductor (chip) is used in vehicles. Due to the shortage of chips, the business of auto companies has been badly affected. At the same time, due to less supply, there has been a rise in the price, so the companies had to increase the prices of the cars.
- The chip is also used in mobile phones. If there is a shortage of chips, their availability in the market and the launch of new models can be affected. Apart from this, they can also be expensive.
- Chip is also installed in electronic device. In such a situation, the lack of chips can affect their prices and availability.
(Input: PTI,
,