Global Chip Shortage - Chip Prices Are Once Again on the Rise

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According to a CCTV financial report, chip prices have risen continuously in recent years, and chips have changed from being unavailable to unaffordable. The latest research report of Goldman Sachs pointed out that as many as 169 industries around the world have been hit by the shortage of chips to some extent, including steel products, concrete production, air-conditioning manufacturing, beer brewing, soap production and many other industries.

The accelerated global "chip shortage" has made rise in the price of chip unaviodable. "Unavailable" and "unaffordable" have become a common dilemma faced by many downstream companies. A practitioner told a reporter that the price of a German-made chip they used was 3.5 yuan last year, and this year it has risen to 16.5 yuan, which means the price of a chip they use has grown 500 percent.