The microchip crisis will drastically reduce within the next two or three years, says economist Giuliano Noci
For a country, today manufacturing microchip it is as important as producing oil. In fact, almost every single object in existence has a semiconductor inside, from washing machines to weaponry. Well, in addition to the health crisis and the international one, for some time the world has had to deal with the chip crisis.
But how long will this severe shortage last which, in 2021, caused a loss of 98 billion euros in the European automotive sector alone? To find out more, we consulted Giuliano Nocieconomist and pro-rector of the Chinese Territorial Pole for the Milan Polytechnic.
“The real obstacle to producing more semiconductors and remedying the crisis is not just the lack of money”, he begins Nights. “In fact,” he continues, “building chips (especially the more advanced ones) is an extremely complex operation. It requires highly specific skills which, even with the necessary funds, take several years to develop. There is talk of levels of competence so high as to leave out, for now, even giants like United States e Chinese. The problem, therefore, is the high vertical competence”.
“But alongside this already enormous difficulty”, continues the expert, “there is also a great global asymmetry which makes the development of these components even more complex. As firm as the design is in When and in the United States, production is still almost non-existent and ‘entrusted’ to Asia. In fact, over 70% of the microchip production capacity is located in Taiwan, a country that is not exactly peaceful…”.
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