Chips

In the age of digitalization, almost nothing works without chips. Supply chains came to a standstill at the end of 2020. The effects are still being felt worldwide today. Find out all the important and latest chip news from Table.Briefings. Why are chips so important? Chips have become an integral part of our digitalized world. They are needed for the construction of cars and smartphones. The world's largest manufacturer is the Taiwanese company Taiwan Semiconductor Manufacturing Co (TSMC). It is also the most important exporter of China's chip industry. How did the global chip shortage come about? The global chip shortage was caused by several factors. Firstly, the USA imposed sanctions on chip exports in the trade war with China. Secondly, supply chains suffered from the coronavirus pandemic, resulting in an imbalance between supply and demand. What impact is the chip crisis having on China? Chips is a term that is appearing more and more frequently in Chinese state media as a result of the chip crisis. China wants to become independent of foreign chip exports as part of the "dual circulation" concept and is investing billions in the semiconductor industry. State-owned companies such as Semiconductor Manufacturing International Cop. (SMIC) are to enable China to become technologically self-sufficient in chips in the future.