Microchip Shortage and Its Implications

What is one reason for the increased cost of microchips?

• Increased demand for refrigerators

• A global shortage of microchips

• The rise of electric toothbrushes

• The decline in LED light usage

What is Moore's Law in relation to microchips?

• The principle that microchips should be replaced every year

• The idea that the number of transistors on a chip doubles approximately every two years

• A guideline for the environmental impact of chip production

• A law that regulates the price of microchips

Why is chip manufacturing considered complex and expensive?

• It is done entirely by hand

• It needs highly controlled environments and precise technology

• It involves simple assembly lines

• It requires minimal equipment and space

How did the COVID-19 pandemic affect the chip supply?

• It increased the number of chip manufacturers

• It made chips obsolete

• It led to the closure of many chip factories

• It decreased the demand for chips

What additional factor, besides the pandemic, has contributed to the chip shortage?

• An increase in manual labor

• A decrease in global demand for electronics

• A surplus of raw materials

• Concentration of manufacturing in a few countries

Which company is a major player in the global chip manufacturing industry?

• Apple

• TSMC

• Samsung

• Intel

What is one impact of the chip shortage on the automotive industry?

• More electric cars being produced

• Reduced number of cars being manufactured

• Lower prices for new cars

• Increased production of cars

Why is older chip technology particularly hard to find?

• It is only used in outdated devices

• It is cheaper to produce

• Manufacturers focus on newer, complex chips

• It is no longer in demand

What is a potential long-term solution to the chip shortage?

• Decreasing the number of chip manufacturers

• Increasing the price of chips

• Investing in domestic chip production

• Reducing the use of electronics

By when do some experts predict the chip shortage might be resolved?

• 2022

• 2023

• 2030

• 2025