The global lack of chipsets is putting tech industries in trouble. It has caused shortages, delayed sales, raised the prices of products such as smartphones, computers, videogames consoles, and even paralyzed the automotive industry.
It’s almost impossible to get the new PS5. It launched on November 12th and was already sold out by early December, and even when they restocked the product, it didn’t last the rest of the day. The same thing happened with the competition: the new Xbox Series X. The shortage of this last videogame console has produced a massive frustration that triggered riots in a Tokyo store last January.
The fault is the global shortage of semiconductors, better known as chip or chipset, essential components for any tech product. The crisis has raised the price of computers and televisions by up to 3%, and has delayed the sell of the new smartphones from Apple and Samsung. In addition, it has severely affected the auto sector, which expects to make about $110 billions in profits this year. Unable to continue producing due to a lack of parts, car manufacturers around the world have been forced to stop their activity and temporarily lay off their workers.
Conclusion:
Globalization has fallen short in the face of the problem of scarcity. It is important, if not necessary, that more countries join the production of technological inputs. The market for technological production cannot be sustained – here is the proof – only by select countries. Enlargement would not only mean a solution to the economy of many, but also to an injustice that, if not cured in time, will bring worse consequences than those of the coronavirus.
Source: https://elordenmundial.com/lo-que-la-escasez-de-play-station-5-ensena-sobre-como-se-ha-roto-la-globalizacion/