The chip shortage as a consequence of the covid-19 pandemic is leading to the global geopolitics at the cutting edge of technology with the purpose of counteracting the Asian influence in this market of enormous importance for the global economy.
The most recent example was the announcement by the European Commission (EC) of the ‘Chip Law’ with which the Old Continent wants to gain a foothold in the world market by 2030.
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“We have set ourselves the goal of having 20% of the global semiconductor market by 2030”said the president of the European Commission, Ursula von der Leyen, who added that currently that market share is 9%.
With this project, the EC hopes invest a total of 43 billion euros (US$48 billion) that will be broken down into 11,000 million euros in subsidies for the implementation of large production lines; some 30,000 million euros in public aid and another 2,000 million that would come from private investment.
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USA IS NOT LEFT BEHIND
In the United States, the Lower House approved a project for US$52 billion to promote this sector in the country.
According to data from the Semiconductor Industry Association, the United States has a market share of 47% in the world of chipswhich it hopes to continue reinforcing with this initiative to move away from Asia, in second place.
With the indicated amount, the “United States competes” proposal is going to subsidize the manufacture of these chips, in addition, it includes an additional US$45,000 million for six years to improve distribution chains at the national level.
Private initiatives such as that of the local manufacturer are added to this United States plan Intel, that it will spend $20 billion on a factory in Ohio, according to its chief executive, Pat Gelsing. In fact, this is an investment that could reach up to US$100 billion.
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THE SHORTAGE OF CHIPS
The semiconductor crisis seems to be coming to an end in the second half of 2022, according to various reports, however, in the United States they do not seem to be so sure about it.
A report by the consulting firm International Data Center (IDC), the shortage of drivers would begin to relax in the second half of 2022.
“Supply should gradually improve during the second half of the year”said Nina Turner, a semiconductor industry analyst at the firm.
Instantly, Turner added that this would lead, due to manufacturing time, to the automobile industry, one of the hardest hit by this situation, starting to normalize in 2023.
The risk rating agency Fitch Ratings It also coincides with the recovery of the industry in the second half of 2022. Fitch recalled that since 2021 the leading companies in the sector have already advanced investment plans to improve the situation.
ROBERTO CASAS LUGO
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