Tracking the ongoing semiconductor chip shortage and labor challenge is not for the weak of heart. It’s a constant barrage of both positive and negative reports. To illustrate the volatility of the semiconductor industry at this point in time, we tracked the latest updates for one week in the second quarter of 2022 — May 10 to 17. Here are snapshots of the reports we found on the challenges, progress, and solutions about the chip and labor shortages.
Early in the pandemic, the automotive industry slowed production due to lower demand for new vehicles. But once they were ready to ramp back up, the manufacturers were surprised to find a semiconductor chip shortage was derailing their production capabilities and threatening to prolong their recovery cycle.