First the pandemic, now the war in Ukraine. The world economy has been shaken up – including the production of semi-conductors, which are important for a number of industries. From car and electronics manufacturers to medical technology, many companies fear having to shut down production again, if chip-makers can’t get key raw materials from Russia and Ukraine. Sales in the computer chip industry have increased enormously in recent years. Last year, with supply chains in crisis due to the pandemic, chip production achieved a record turnover of 584 billion dollars worldwide. This year, the forecast is for a further increase to 630 billion dollars. And that despite the delivery difficulties from China, Russia and Ukraine.
Future of Europe
Economy, jobs, digitalisation, youth: Citizens make recommendations in Dublin
Mar 4, 22