According to Goldman Sachs, the worst could soon be over when it comes to glitches caused by global chip shortages.
Andrew Tilton, chief economist at one of the world’s largest investment banks, Goldman Sachs, said the global chip shortage could end this year. According to him, the situation will start to improve in the second half of the year.
He noted that there are now supply delays in North Asian countries such as Japan, Taiwan and South Korea, which are involved in the semiconductor supply chain.
This will affect the downstream sectors as well as vehicle manufacturing. Our analysts believe that we are probably going through our worst period right now. That is, we are now seeing the biggest disruptions in industries such as the automotive industry, and in the last half of the year the situation will gradually improve.
Chip shortages will cost the global auto industry $ 110 billion in lost revenue in 2021, according to consulting firm AlixPartners.
Intel CEO Pat Gelsinger believes the worldwide semiconductor shortage could continue for several years.
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