Globally Shortage of Semiconductor

Globally shortage of Semiconductors.

Semiconductors are some of the important parts used in the automotive industry and for electronic devices as well. But now the word is having a shortage of it, As Asia is home to the world's global manufacturing powerhouse India, South Korea, and China are part of the manufacturing supply chains, and when covid hitted the world the Chinese government zero-tolerance covid strategy imposed restrictions that caused a great impact on both output and export order components of the manufacturing. Due to the shortage, there is a chance of an increase in the price of final goods in the automotive sector and for electronic devices as well in the around coming year while it has a silver lining as well. Some people from the industry sees it as an opportunity in India, manufactures of semiconductors to invest not just for the captive automotive market but also for meeting the requirement of other consumer goods and electronic industries.