Global Chip Shortage
The global shortage of semiconductor chips has forced vehicle manufacturers and smart phone enterprises to halt or cut production. The rapid development of 5G phones, the recovery of the electric vehicle market, coupled with natural calamities in early 2021 have exacerbated chip shortages, especially high-grade ones. As the cornerstone of an information society bolstered by artificial intelligence, the Internet of Things and cloud computing, semiconductor chips have become a yardstick to gauge the overall sci-tech strength of a country. At a time when the digital economy plays an increasingly important role, many domestic enterprises are focusing on independent chip research and development. Meanwhile, semiconductor industries rely heavily on global supply chains, making strengthened international cooperation on a global scale necessary.