U.S. companies have less than 5-day supply of key chips, Commerce Dept. warns

  • 📰 axios
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

United States Headlines News

United States Latest News,United States Headlines

The global chip shortage has stymied production of electronics, vehicles and other items.

The new findings were supplied by 150 companies, including semiconductor producers and major automakers, in response to a request for information from Commerce on the semiconductor shortage.finds that median demand for chips was 17% higher in 2021 than 2019, but buyers aren't seeing a commensurate increase in supply.

The median inventory of semiconductor products dropped from 40 days in 2019 to less than five days in 2021."That, to me, is the data point which tells you how fragile this supply chain is," Commerce Secretary Gina Raimondo said during a press call announcing the findings. "Five days of inventory — no room for error."Raimondo has been urging Congress to pass a bill that would include $52 billion in funding for domestic semiconductor manufacturing.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

tweetzydeetzy Wonder when that big ol' Invisible Hand is going to team up with Supply & Demand and swoop in and give US-based semiconductor fabs all that business.

Ok, US Technology is in every chip regardless of whether US makes them or not. It’s time to put Russian sanctions on chips as US has less than a 5 day supply! No chips until Russia removes military from Ukraine’s borders!! Let Russia know we’re serious!!!

This is worst than the Treasury out of cash day

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 302. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S. Commerce Dept says chips shortage to persist, will review some pricingThe U.S. Commerce Department said Tuesday a global survey of semiconductor chip producers and users shows a shortage will persist, sparked primarily by wafer production capacity constraints.
Source: Reuters - 🏆 2. / 97 Read more »

Arlington Fire Dept. investigating parking garage fire that killed tow truck operatorThe Arlington Fire Department says the flames inside a parking garage on Mitchell Street Friday morning burned nine vehicles and killed a tow truck operator. While, initially, crews say the fire seemed accidental, the man's family is looking for proof.
Source: FOX4 - 🏆 289. / 63 Read more »

U.S. Commerce Dept says chips shortage to persist, will review some pricingThe U.S. Commerce Department said Tuesday a global survey of semiconductor chip producers and users shows a shortage will persist, sparked primarily by wafer production capacity constraints.
Source: Reuters - 🏆 2. / 97 Read more »

Fitch Ratings warns of risks crypto miners pose to US power supplyThe global credit rating agency looked at scenarios in Texas and Washington State, suggesting that utilities mitigate their financial risks around crypto mining firms ATTENTION PLEASE ‼️ There are 23 children who need help due to various diseases. We try to help them in various parts of the world. Please help them by purchasing an nft. A life shouldn't be this cheap. Follow & RT opensea NFT NFTs NFTcollection
Source: Cointelegraph - 🏆 562. / 51 Read more »

Salma Hayek Looks So At Peace Getting Rocked by Waves in This Alluring New Bikini PhotoIn a recent Instagram post, Salma Hayek looks absolutely stunning as she soaks in the sun.
Source: SheKnows - 🏆 558. / 51 Read more »

U.S. in talks with energy producers to supply Europe if Russia invades UkraineThe United States is in talks with major energy-producing countries and companies around the world over a potential diversion of supplies to Europe if Russia invades Ukraine, senior Biden administration officials said on Tuesday. I never thought of meeting a legit bitcoin trader after been scammed many times at my age but the heavens sent Dpurplewomanfx who guided me and help me make a living through crypto with my coinbase app, I recommend you to meet her now and also be a beneficiary of good work Huh... Can't believe we'd be in such a rush to stop them, then... so much money for energy suppliers to get...
Source: Reuters - 🏆 2. / 97 Read more »