{"id":6029,"date":"2022-07-08T12:13:02","date_gmt":"2022-07-08T10:13:02","guid":{"rendered":"https:\/\/2hire.io\/?p=6029"},"modified":"2022-08-04T11:36:30","modified_gmt":"2022-08-04T09:36:30","slug":"the-microchip-crisis-facing-global-challenges","status":"publish","type":"post","link":"https:\/\/2hire.io\/?p=6029","title":{"rendered":"The Microchip Crisis: Facing Global Challenges"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"6029\" class=\"elementor elementor-6029\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7ae8be4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7ae8be4\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7e8da43\" data-id=\"7e8da43\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e47578c elementor-widget elementor-widget-heading\" data-id=\"e47578c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">The Microchip Crisis: Facing Global Challenges<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3993237 elementor-widget elementor-widget-button\" data-id=\"3993237\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"#\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Tech developments<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f6651d3 elementor-widget elementor-widget-text-editor\" data-id=\"f6651d3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>13 July 2022 \u00a0 \u00a0| \u00a0 \u00a02 min read<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7d8f6ce elementor-widget elementor-widget-text-editor\" data-id=\"7d8f6ce\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">\u201c <\/span><a href=\"https:\/\/www.nytimes.com\/2022\/04\/08\/technology\/intel-chip-shortage.html\"><i><span style=\"font-weight: 400;\">Microchips are in many ways the lifeblood of the modern economy<\/span><\/i><\/a><i><span style=\"font-weight: 400;\">. They power computers, smartphones, cars, appliances and scores of other electronics. But the world\u2019s demand for microchip has surged since the pandemic, which also caused supply-chain disruptions, resulting in a global shortage<\/span><\/i><span style=\"font-weight: 400;\">.\u201d &#8211; NY Times<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-47ccd0f elementor-widget elementor-widget-text-editor\" data-id=\"47ccd0f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The <\/span><a href=\"https:\/\/www.ft.com\/content\/736f82b8-932c-408a-bc14-1fadf2f14aa9\"><span style=\"font-weight: 400;\">gloomy economic outlook<\/span><\/a><span style=\"font-weight: 400;\"> being sensed worldwide owes so much to different factors \u2013 yet the microchip crisis is undoubtedly one of them. Our era of IoT and connectivity demands a level of supply that seems constantly out of reach, and the automotive industry alone has faced disruption after delay thanks to the microchip shortage affecting our industrialized world.<\/span><\/p><p><span style=\"font-weight: 400;\">At best, the chip crisis renders vehicles of all kinds <\/span><a href=\"https:\/\/www.consumerreports.org\/buying-a-car\/global-chip-shortage-makes-it-tough-to-buy-certain-cars-a8160576456\/\"><span style=\"font-weight: 400;\">far more difficult for consumers to purchase<\/span><\/a><span style=\"font-weight: 400;\"> \u2013 and at worst, it causes even the most seasoned automotive OEMs to <\/span><a href=\"https:\/\/news.sky.com\/story\/mini-suspends-production-again-as-chip-shortage-takes-further-toll-12549594\"><span style=\"font-weight: 400;\">have to halt production<\/span><\/a><span style=\"font-weight: 400;\"> at a time when productivity and economic output has never been more important to enliven.<\/span><\/p><p><span style=\"font-weight: 400;\">Most concerningly, the chip shortage affecting both the automotive industry and the technology ecosystem at large seems to only catch marginal reprieves \u2013 never a full solution.<\/span><\/p><p><span style=\"font-weight: 400;\">The question here arises: What has led to this microchip crisis, and what is being done to overcome it?<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2aa04cd elementor-widget elementor-widget-heading\" data-id=\"2aa04cd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What caused, and contributes to, the global chip shortage<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-45591a7 elementor-widget elementor-widget-text-editor\" data-id=\"45591a7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">While the automotive chip shortage has undoubtedly had a big impact on the number of new vehicles entering the market, the entire technology industry is similarly being buffeted by these circumstances \u2013 from <\/span><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-11-11\/sony-trims-playstation-5-assembly-plans-after-chip-shortages-hit\"><span style=\"font-weight: 400;\">interactive entertainment<\/span><\/a><span style=\"font-weight: 400;\"> to <\/span><a href=\"https:\/\/www.reuters.com\/technology\/chinas-lenovo-posts-65-rise-q2-profit-2021-11-04\/\"><span style=\"font-weight: 400;\">work computers<\/span><\/a><span style=\"font-weight: 400;\"> and household electronics.<\/span><\/p><p><span style=\"font-weight: 400;\">Yet with many industries recovering post-pandemic, why does the microchip crisis persist?<br \/><\/span><\/p><p><span style=\"font-weight: 400;\">The ability to source microchips and control mineral resources is directly linked to dominance in strategic technology sectors, and the<a href=\"https:\/\/www.corrierecomunicazioni.it\/digital-economy\/chip-e-terre-rare-le-battaglie-geopolitiche-del-2022-la-cina-stacca-gli-avversari\/\"> US and China currently have the widest margin of control<\/a>.<br \/><\/span><span style=\"font-weight: 400;\">While it\u2019s easy to blame disruptors such as the growth of working from home or the <\/span><a href=\"https:\/\/www.theguardian.com\/world\/2022\/jun\/16\/we-wont-survive-chinas-migrant-workers-fear-more-lockdowns-as-covid-threat-remains\"><span style=\"font-weight: 400;\">effect of lockdowns in China<\/span><\/a><span style=\"font-weight: 400;\">, the world is also enduring significant <\/span><a href=\"https:\/\/workplaceinsight.net\/supply-chain-disruption-sees-costs-and-complexity-ramp-up\/\"><span style=\"font-weight: 400;\">supply chain woes<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p><p><span style=\"font-weight: 400;\">Soaring demand versus a lack of rapid production techniques \u2013 indeed, <a href=\"https:\/\/poet-technologies.com\">POET Technologies<\/a> CEO <\/span><a href=\"https:\/\/inews.co.uk\/news\/technology\/chip-shortage-why-global-microchip-crisis-explained-how-long-what-meaning-1305937\"><span style=\"font-weight: 400;\">Dr. Suresh Venkatesan advises<\/span><\/a><span style=\"font-weight: 400;\"> that advanced chips take over 20 weeks to produce \u2013 mean that even accelerating production methods today are only barely being felt in tangible results.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bf4991c elementor-widget elementor-widget-image\" data-id=\"bf4991c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/veronicacerri.com\/portfolio\/what-is-shared-mobility\/\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"6049\" data-permalink=\"https:\/\/2hire.io\/?attachment_id=6049\" data-orig-file=\"https:\/\/2hire.io\/wp-content\/uploads\/2022\/07\/pexels-pixabay-50711.jpg\" data-orig-size=\"2250,1529\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"microchip\" data-image-description=\"&lt;p&gt;microchip&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;microchip&lt;\/p&gt;\n\" data-large-file=\"https:\/\/2hire.io\/wp-content\/uploads\/2022\/07\/pexels-pixabay-50711-1024x696.jpg\" width=\"640\" height=\"435\" src=\"https:\/\/2hire.io\/wp-content\/uploads\/2022\/07\/pexels-pixabay-50711-1024x696.jpg\" class=\"attachment-large size-large wp-image-6049\" alt=\"microchip\" srcset=\"https:\/\/2hire.io\/wp-content\/uploads\/2022\/07\/pexels-pixabay-50711-1024x696.jpg 1024w, https:\/\/2hire.io\/wp-content\/uploads\/2022\/07\/pexels-pixabay-50711-300x204.jpg 300w, https:\/\/2hire.io\/wp-content\/uploads\/2022\/07\/pexels-pixabay-50711-768x522.jpg 768w, https:\/\/2hire.io\/wp-content\/uploads\/2022\/07\/pexels-pixabay-50711-1536x1044.jpg 1536w, https:\/\/2hire.io\/wp-content\/uploads\/2022\/07\/pexels-pixabay-50711-2048x1392.jpg 2048w, https:\/\/2hire.io\/wp-content\/uploads\/2022\/07\/pexels-pixabay-50711-1200x815.jpg 1200w, https:\/\/2hire.io\/wp-content\/uploads\/2022\/07\/pexels-pixabay-50711-177x120.jpg 177w, https:\/\/2hire.io\/wp-content\/uploads\/2022\/07\/pexels-pixabay-50711-1766x1200.jpg 1766w, https:\/\/2hire.io\/wp-content\/uploads\/2022\/07\/pexels-pixabay-50711-960x652.jpg 960w, https:\/\/2hire.io\/wp-content\/uploads\/2022\/07\/pexels-pixabay-50711-1320x897.jpg 1320w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" data-attachment-id=\"6049\" data-permalink=\"https:\/\/2hire.io\/?attachment_id=6049\" data-orig-file=\"https:\/\/2hire.io\/wp-content\/uploads\/2022\/07\/pexels-pixabay-50711.jpg\" data-orig-size=\"2250,1529\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"microchip\" data-image-description=\"&lt;p&gt;microchip&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;microchip&lt;\/p&gt;\n\" data-large-file=\"https:\/\/2hire.io\/wp-content\/uploads\/2022\/07\/pexels-pixabay-50711-1024x696.jpg\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7b23bcc elementor-widget elementor-widget-heading\" data-id=\"7b23bcc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What effects is the chip shortage having on the automotive industry?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-75d5951 elementor-widget elementor-widget-text-editor\" data-id=\"75d5951\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Production plant shutdowns and difficulties in obtaining the materials necessary for vehicles with even more IoT capabilities mean that the automotive sector has endured a difficult few years under the yoke of the global chip crisis.<\/span><\/p><p><span style=\"font-weight: 400;\">After the 40% cut announced by the Japanese Toyota, <\/span><a href=\"https:\/\/www.economyup.it\/whitepapers\/sviluppare-il-business-con-la-digitalizzazione-dei-processi-guida-pratica-con-analisi-di-un-caso-concreto\/\"><span style=\"font-weight: 400;\">Stellantis, and Volkswagen <\/span><\/a><span style=\"font-weight: 400;\">had to intervene in August 2021 to cope with the shortage of microchips. Stellantis was forced to stop production at two factories in France, in Janais and Sochaux. Volkswagen announced a production cut at the Wolfsburg factory, the German group&#8217;s main one.<br \/>And since fewer cars are being produced at higher prices, the leasing, <a href=\"https:\/\/2hire.io\/car-rental\/\">rental<\/a>, car subscription, and<a href=\"https:\/\/2hire.io\/sharing-mobility-solution\/\"> car sharing<\/a> market is gaining in relevance.<br \/><\/span><\/p><p><span style=\"font-weight: 400;\">However, further burdens are being felt not only in OEMs\u2019 order books<\/span><span style=\"font-weight: 400;\">\u00a0but in their bottom lines. The global chip crisis has fallen amid an era of evolution for automotive OEMs, as the demand to <a href=\"https:\/\/2hire.io\/2022\/07\/07\/eu-parliament-voted-to-stop-petrol-and-diesel-car-sales-from-2035-path-towards-climate-neutrality\/\">shift from internal combustion engine (ICE) vehicles to battery electric vehicles (BEVs)<\/a> continues to add complexity to the conversation. Research firm AlixPartners, already recognising that the microchip crisis will cost the automotive sector $210 billion worldwide, <\/span><a href=\"https:\/\/www.alixpartners.com\/media-center\/press-releases\/2022-alixpartners-global-automotive-outlook\/\"><span style=\"font-weight: 400;\">has also stated that<\/span><\/a><span style=\"font-weight: 400;\"> the increased IoT and technological complexity of BEVs will create more bottlenecks.<\/span><\/p><h5><b>How are automotive manufacturers responding to the microchip crisis?<\/b><\/h5><p><span style=\"font-size: 1em;\">Necessity demands agility, and the automotive industry is turning the tide on the chip shortage not only through better forward planning but also by sidestepping certain restrictions.<\/span><b><br \/><\/b><\/p><p><span style=\"font-weight: 400;\">For example, software in IoT elements of modern vehicles is being rewritten to use fewer chips for more functionality.<\/span><\/p><p><span style=\"font-weight: 400;\">More predominantly, <\/span><a href=\"https:\/\/www.cnbc.com\/2022\/05\/25\/gina-raimondo-warns-us-needs-to-secure-future-for-chip-industry.html\"><span style=\"font-weight: 400;\">the reshoring of microchip production<\/span><\/a><span style=\"font-weight: 400;\"> is being implemented in the United States and worldwide, solving immediate chip crisis woes by keeping production closer to home.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-64d4a1e elementor-widget elementor-widget-heading\" data-id=\"64d4a1e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How is the EU helping overcome the microchip crisis?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5d6d953 elementor-widget elementor-widget-text-editor\" data-id=\"5d6d953\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Expanding on the reshoring idea discussed above, the EU announced in February 2022 the <\/span><a href=\"https:\/\/digital-strategy.ec.europa.eu\/en\/policies\/european-chips-act\"><span style=\"font-weight: 400;\">European Chips Act<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p><p><span style=\"font-weight: 400;\">This movement aims to <\/span><a href=\"https:\/\/www.csis.org\/blogs\/perspectives-innovation\/european-chips-act-strategy-expand-semiconductor-production-resiliency\"><span style=\"font-weight: 400;\">centralise much of semiconductor production in European nations<\/span><\/a><span style=\"font-weight: 400;\">, in a bid to improve supply chain resiliency and mitigate the seemingly endless churn of the global chip crisis.<\/span><\/p><p><span style=\"font-weight: 400;\">By 2030, the EU aims to more than double European semiconductor research, development and manufacture \u2013 leaping from 9% of global output to 20% by the new decade\u2019s dawn.<\/span><\/p><p><span style=\"font-weight: 400;\">Big tech businesses are echoing the positive stance the EU is taking against the microchip crisis too, with <\/span><a href=\"https:\/\/www.cnbc.com\/2022\/03\/15\/intel-commits-36-billion-to-making-chips-in-europe.html\"><span style=\"font-weight: 400;\">Intel investing $36 billion<\/span><\/a><span style=\"font-weight: 400;\"> into developing European semiconductor production potential, with production coming online by 2027.<\/span><\/p><p><span style=\"font-weight: 400;\">According to sources, Intel and the Italian government are discussing a total <\/span><a href=\"https:\/\/www.reuters.com\/technology\/exclusive-italy-intel-intensify-talks-over-9-billion-chip-factory-sources-say-2021-12-23\/\"><span style=\"font-weight: 400;\">investment of $9 billion over 10 years from the start of the construction of the factory in the country<\/span><\/a><span style=\"font-weight: 400;\">. Rome wants Intel to clarify its plans for Italy before formalising a package of favourable conditions, especially regarding jobs and energy costs.\u00a0Once an agreement has been reached between Rome and the American company on the action to take regarding this problem, the next step will be to decide in which area to begin with the construction of the Italian production facility.<\/span><\/p><p><span style=\"font-weight: 400;\">Immediately, the global chip shortage remains a key area of concern, for the automotive sector and beyond. Yet hope is on the horizon, and resources are being put into action \u2013 causing many to feel optimistic that a difficult few years may soon give way to a reality on the upswing.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d38e6c3 elementor-widget elementor-widget-image\" data-id=\"d38e6c3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/ec.europa.eu\/commission\/presscorner\/detail\/en\/ip_22_729\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"6050\" data-permalink=\"https:\/\/2hire.io\/?attachment_id=6050\" data-orig-file=\"https:\/\/2hire.io\/wp-content\/uploads\/2022\/07\/P051873-138486.jpg\" data-orig-size=\"639,426\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"microchip\" data-image-description=\"&lt;p&gt;microchip&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;microchip&lt;\/p&gt;\n\" data-large-file=\"https:\/\/2hire.io\/wp-content\/uploads\/2022\/07\/P051873-138486.jpg\" width=\"639\" height=\"426\" src=\"https:\/\/2hire.io\/wp-content\/uploads\/2022\/07\/P051873-138486.jpg\" class=\"attachment-large size-large wp-image-6050\" alt=\"microchip\" srcset=\"https:\/\/2hire.io\/wp-content\/uploads\/2022\/07\/P051873-138486.jpg 639w, https:\/\/2hire.io\/wp-content\/uploads\/2022\/07\/P051873-138486-300x200.jpg 300w, https:\/\/2hire.io\/wp-content\/uploads\/2022\/07\/P051873-138486-180x120.jpg 180w\" sizes=\"auto, (max-width: 639px) 100vw, 639px\" data-attachment-id=\"6050\" data-permalink=\"https:\/\/2hire.io\/?attachment_id=6050\" data-orig-file=\"https:\/\/2hire.io\/wp-content\/uploads\/2022\/07\/P051873-138486.jpg\" data-orig-size=\"639,426\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"microchip\" data-image-description=\"&lt;p&gt;microchip&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;microchip&lt;\/p&gt;\n\" data-large-file=\"https:\/\/2hire.io\/wp-content\/uploads\/2022\/07\/P051873-138486.jpg\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">Pics credit by European Commission<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-28cf9ca elementor-widget elementor-widget-text-editor\" data-id=\"28cf9ca\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h4><span style=\"font-weight: 400;\">Learn more about 2hire world <span style=\"color: #99cc00;\"><strong><a style=\"color: #99cc00;\" href=\"https:\/\/2hire.io\/about-us\/\">here <\/a>\ud83d\udc40<\/strong><\/span><\/span><\/h4><h4><span style=\"color: #99cc00;\"><strong><a style=\"color: #99cc00;\" href=\"https:\/\/2hire.io\/contacts-home\/\">Contact us<\/a><\/strong><\/span> to disrupt mobility together \u26a1\ufe0f<\/h4>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-705367e elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"705367e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-eeba950 elementor-widget elementor-widget-heading\" data-id=\"eeba950\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">About the author<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-514f4e4 elementor-section-content-top elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"514f4e4\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-e58b2a7\" data-id=\"e58b2a7\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8703c8c elementor-widget elementor-widget-image\" data-id=\"8703c8c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"3009\" data-permalink=\"https:\/\/2hire.io\/?attachment_id=3009\" data-orig-file=\"https:\/\/2hire.io\/wp-content\/uploads\/2021\/09\/IAA-BB.png\" data-orig-size=\"176,176\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"IAA-BB\" data-image-description=\"&lt;p&gt;Benedetta Biggi&lt;\/p&gt;\n\" data-image-caption=\"\" data-large-file=\"https:\/\/2hire.io\/wp-content\/uploads\/2021\/09\/IAA-BB.png\" width=\"176\" height=\"176\" src=\"https:\/\/2hire.io\/wp-content\/uploads\/2021\/09\/IAA-BB.png\" class=\"attachment-medium size-medium wp-image-3009\" alt=\"Benedetta-Biggi\" srcset=\"https:\/\/2hire.io\/wp-content\/uploads\/2021\/09\/IAA-BB.png 176w, https:\/\/2hire.io\/wp-content\/uploads\/2021\/09\/IAA-BB-150x150.png?crop=1 150w, https:\/\/2hire.io\/wp-content\/uploads\/2021\/09\/IAA-BB-120x120.png 120w, https:\/\/2hire.io\/wp-content\/uploads\/2021\/09\/IAA-BB-50x50.png?crop=1 50w\" sizes=\"auto, (max-width: 176px) 100vw, 176px\" data-attachment-id=\"3009\" data-permalink=\"https:\/\/2hire.io\/?attachment_id=3009\" data-orig-file=\"https:\/\/2hire.io\/wp-content\/uploads\/2021\/09\/IAA-BB.png\" data-orig-size=\"176,176\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"IAA-BB\" data-image-description=\"&lt;p&gt;Benedetta Biggi&lt;\/p&gt;\n\" data-image-caption=\"\" data-large-file=\"https:\/\/2hire.io\/wp-content\/uploads\/2021\/09\/IAA-BB.png\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-6a5cb26\" data-id=\"6a5cb26\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-86d674c elementor-widget elementor-widget-text-editor\" data-id=\"86d674c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h3 style=\"margin: 0px;\"><a href=\"https:\/\/www.linkedin.com\/in\/benedetta-biggi-45b559196\/\">Benedetta Biggi<\/a><\/h3><p style=\"margin: 0px; font-size: 1rem;\">Sales and Marketing Associate at 2hire<\/p><p>I love running and daydreaming losing count of the distance I&#8217;m covering, cooking (and especially eating) and Drake is my spirit guide.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-d606b51 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"d606b51\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Microchips are in many ways the lifeblood of the modern economy. They power computers, smartphones, cars, appliances and scores of other electronics. But the world\u2019s demand for them has surged since the pandemic, which also caused supply-chain disruptions, resulting in a global shortage.<\/p>\n","protected":false},"author":205989650,"featured_media":6050,"comment_status":"open","ping_status":"open","sticky":false,"template":"elementor_header_footer","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[1377,1372],"tags":[1397],"class_list":["post-6029","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-tech-developments","tag-tech-developments"],"aioseo_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Microchip Crisis: Facing Global Challenges - 2hire<\/title>\n<meta name=\"description\" content=\"Microchip power PCs, cars, and not only. World\u2019s demand surged since the pandemic, and with supply chain disruptions a global shortage arised.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/2hire.io\/?p=6029\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Microchip Crisis: Facing Global Challenges - 2hire\" \/>\n<meta property=\"og:description\" content=\"Microchip power PCs, cars, and not only. 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