Weak Links in the Chip Supply Chain

The video discusses the semiconductor industry's challenges due to the pandemic, policy decisions, and increased demand for electric vehicles. It highlights how carmakers like Honda, Nissan, and GM are adjusting production due to chip shortages, which also affect other industries like 5G phones and medical devices. The shortage has prompted President Biden to order a supply chain review. Historical factors, including the US-China trade war and restrictions on companies like SMIC, have exacerbated the issue.

What factors have contributed to the semiconductor shortage affecting the automotive industry?

• Reduction in car manufacturing

• Abundance of raw materials for chip production

• Decrease in global demand for semiconductors

• Increased demand for electric vehicles and policy decisions

Which industries, besides automotive, are impacted by the semiconductor shortage?

• Textile and fashion

• Construction and real estate

• Agriculture and farming

• 5G phones and medical devices

What action did President Biden take to address the semiconductor shortage?

• Imposed tariffs on semiconductor imports

• Directed a government-wide supply chain review

• Increased funding for semiconductor research

• Banned semiconductor exports

How did the trade war with China contribute to the semiconductor shortage?

• It increased the production of semiconductors

• It restricted American companies from selling to Chinese firms

• It led to a surplus of semiconductors

• It improved relations between the U.S. and China

What percentage of the world's chip production is attributed to SMIC?

• 5%

• 20%

• 30%

• 10%