A large industrial conglomerate was forced to purchase washing machines only to remove semiconductor components needed for its own production. Information regarding a non-standard method of obtaining semiconductor components was announced during the quarterly reporting conference by the CEO of the Dutch ASML, Peter Wennink.
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The head of the company did not specify which industrial conglomerate he was talking regarding, but noted that the desperate management of this manufacturer shared their problem with him last week. And this, according to Mr. Wennink, indicates that the shortage of semiconductor components in the near future will not lose relevance – at least in some industries.
The auto industry is still suffering the most from the chip shortage: Tesla has confirmed that production is still held back by a shortage of semiconductor components, and Toyota has already been forced to cut its car production plans by regarding 100,000 units for 2022 due to insufficient supplies. According to analysts Bloombergin March, passenger car sales in the five largest European markets were 40% below the pre-pandemic levels of 2019, and this confirms the seriousness and urgency of the crisis with semiconductor components.
The world is experiencing a drop in demand for consumer electronics, but so far it has not had a noticeable impact on semiconductor production. TSMC said last week that there was practically no free capacity left for 2022. And a certain large Chinese manufacturer, as the head of ASML said, completely sold out its capacities until 2023. Additional negative factors are now becoming a lockdown in China and the followingmath of the earthquake Japan.
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