IEF TB07 Group Project by Chan Xin Ying https://padlet.com/xinyyying/bznyim3qt6oqup7l Thara, Jaime, Justin, Ferra, Syaza, Xin Ying en-us 2021-05-17 03:38:52 UTC 2021-08-01 04:37:12 UTC hello@padlet.com Topic One s10193285 https://padlet.com/xinyyying/bznyim3qt6oqup7l/wish/1529776282 Industry: Electronic Goods (Consumer Electronics)
The Electronics Industry is made up of companies that manufacture, design, manufacture, assemble, and service electronic products. Consumer Electronics is a major segment of the electronics industry that produces consumer products such as mobile phones and televisions.]]> 2021-05-17 04:00:40 UTC https://padlet.com/xinyyying/bznyim3qt6oqup7l/wish/1529776282 Impact on consumers: s10196744 https://padlet.com/xinyyying/bznyim3qt6oqup7l/wish/1529861151
  • Smartphone prices have increased due to the shortage of semiconductors and increase in costs of smartphone components such as display panels and batteries.
    • https://www.bizzbuzz.news/markets/semiconductor-shortage-triggers-rise-in-smartphone-prices-893787
    • The spike in demand is caused by the pandemic lock downs especially for consumer electronics such as smartphones, laptop and video game consoles. Additionally, It is expected to continue rising due to the introduction of 5G.
    • The overall demand also caused shortages in chips for consumer electronics such as home appliances
    ]]>     2021-05-17 04:45:07 UTC https://padlet.com/xinyyying/bznyim3qt6oqup7l/wish/1529861151     s10196744 https://padlet.com/xinyyying/bznyim3qt6oqup7l/wish/1529863314 Measures in USA
    The USA has started taking its own measures to overcome the semiconductor shortage. Biden signed an executive order on 24th February 2021 to address the chip shortage. There will be a 100-day review on important products like semiconductors, then a wider, more in-depth review of the economy.
    https://www.cnbc.com/2021/02/24/biden-signs-executive-order-to-address-chip-shortage-through-a-supply-chain-review.html

    The White House, who has been depending on large players in the chip industry and countries like Taiwan, is also planning to spend $50 billion in order to boost chip production in the USA through incentivisation.
    https://www.washingtonpost.com/technology/2021/04/29/apple-caterpillar-chip-shortage/ 
    ]]>     2021-05-17 04:46:05 UTC https://padlet.com/xinyyying/bznyim3qt6oqup7l/wish/1529863314     s10193285 https://padlet.com/xinyyying/bznyim3qt6oqup7l/wish/1546630922 Secondly, there was a shortage in Intel’s chips and declining memory chip prices. 
    The COVID-19 pandemic resulted in an increase in demand for electronic goods, sparking the growth of new technologies, increasing the demand for semiconductors. ]]>     2021-05-21 04:34:37 UTC https://padlet.com/xinyyying/bznyim3qt6oqup7l/wish/1546630922     xinyyying https://padlet.com/xinyyying/bznyim3qt6oqup7l/wish/1546720850 Firstly, American firms were cut off from chips made by China’s Semiconductor Manufacturing International Corporation due to the trade war between China and the US. Furthermore, a fire broke out at a Japanese semiconductor plant and factory, and there were curbs in the global transportation system. ]]> 2021-05-21 05:25:35 UTC https://padlet.com/xinyyying/bznyim3qt6oqup7l/wish/1546720850 How it directly impacts the industry: s10193285 https://padlet.com/xinyyying/bznyim3qt6oqup7l/wish/1546721426
  • Modern smartphones and tablets use the fastest, most high-tech chips but also require more mature chips to perform certain functions, such as operating screen displays.
  • Lack of chips is slowing down the production of electronic goods.
    • ]]>     2021-05-21 05:25:55 UTC https://padlet.com/xinyyying/bznyim3qt6oqup7l/wish/1546721426     xinyyying https://padlet.com/xinyyying/bznyim3qt6oqup7l/wish/1546722538 Higher demand for electronics globally also contributed to the shortage of semiconductors, and this caused a shift in business models to outsource their production, eventually leading to bottlenecks among these chip factories.]]> 2021-05-21 05:26:38 UTC https://padlet.com/xinyyying/bznyim3qt6oqup7l/wish/1546722538 How the structures of the semiconductor industry and electronic goods Industry lead to production bottlenecks: s10193285 https://padlet.com/xinyyying/bznyim3qt6oqup7l/wish/1546722715
  • 91% of the chipmaking business is based in Asia, in two regions, Taiwan and South Korea which is home to TSMC and Samsung respectively. Hence, these two prominent players had to meet the demand requirements of the rest of the companies. 
    • https://www.bloomberg.com/graphics/2021-semiconductors-chips-shortage/
    • The demand for electronic products increased in 2020 as everyone shifted to remote learning and work amidst the COVID-19 pandemic. Smartphone companies would have sold much more if not for the semiconductor shortage
    https://www.marketwatch.com/story/the-semiconductor-shortage-is-here-to-stay-but-it-will-affect-chip-companies-differently-11618678056 
    • As a result, many large corporations have been affected. Apple, the world’s biggest buyer of semiconductors, delayed the launch of the iPhone 12 by two months due to the shortage of semiconductors. Samsung also delayed the launch of its high-end smartphone despite being the world’s second-largest producer of the chip. Other companies such as Sony and Microsoft also struggled with stock shortages of their PS5 and Xbox products respectively due to the semiconductor shortage.
    https://www.theguardian.com/business/2021/mar/21/global-shortage-in-computer-chips-reaches-crisis-point
    ]]>     2021-05-21 05:26:43 UTC https://padlet.com/xinyyying/bznyim3qt6oqup7l/wish/1546722715     Effectiveness of Measures s10196744 https://padlet.com/xinyyying/bznyim3qt6oqup7l/wish/1546724724 Despite many measures being taken, the shortage of semiconductors is still predicted to last at least another year well into 2022. Thus, current measures in place may not be as effective to immediately overcome the current shortage.]]> 2021-05-21 05:27:56 UTC https://padlet.com/xinyyying/bznyim3qt6oqup7l/wish/1546724724 s10195336 https://padlet.com/xinyyying/bznyim3qt6oqup7l/wish/1546725871 Measures in China
    Over the past few years, China tried to boost its semiconductor industry through tax breaks (tariffs), but was affected due to U.S sanctions stopping U.S firms from exporting certain technology to China. ]]>     2021-05-21 05:28:37 UTC https://padlet.com/xinyyying/bznyim3qt6oqup7l/wish/1546725871     Impact on the Consumer Electronics Industry s10193285 https://padlet.com/xinyyying/bznyim3qt6oqup7l/wish/1546726381 2021-05-21 05:28:55 UTC https://padlet.com/xinyyying/bznyim3qt6oqup7l/wish/1546726381 s10196744 https://padlet.com/xinyyying/bznyim3qt6oqup7l/wish/1546728961 Measures by Industry Players
    Companies in the semiconductor and consumer electronics industries have also started taking their own measures to overcome the shortage.
    Intel plans to spend $20 billion on 2 new chip factories in Arizona and plans to build a new plant in Europe if the company gets enough public funding.
    https://www.cnbc.com/2021/05/12/the-global-chip-shortage-could-last-until-2023-.html 

    Huawei had also stockpiled chips for 5G ahead of sanctions imposed by Trump administration to make sure that it can continue supplying its 5G technology.
    https://www.bloomberg.com/news/articles/2020-10-22/huawei-outhustles-trump-by-stockpiling-chips-needed-for-china-5g?sref=ctSjKj2N 
    ]]>     2021-05-21 05:30:30 UTC https://padlet.com/xinyyying/bznyim3qt6oqup7l/wish/1546728961     Cause of Shortage of Semiconductors s10193285 https://padlet.com/xinyyying/bznyim3qt6oqup7l/wish/1546730456 2021-05-21 05:31:26 UTC https://padlet.com/xinyyying/bznyim3qt6oqup7l/wish/1546730456 Measures created to overcome the shortage s10193285 https://padlet.com/xinyyying/bznyim3qt6oqup7l/wish/1546730772 2021-05-21 05:31:37 UTC https://padlet.com/xinyyying/bznyim3qt6oqup7l/wish/1546730772 Points to consider gry2 https://padlet.com/xinyyying/bznyim3qt6oqup7l/wish/1622721667 - Have all parts of the consumer electronics industry been equally affected?
    - What are some of the measures different companies/parts of the industry have taken in order to deal with the shortage of semiconductors?

    Other points to note:
    - Be careful of the structure of the report to make sure there's a nice flow to the report.

    ]]>     2021-06-24 02:06:56 UTC https://padlet.com/xinyyying/bznyim3qt6oqup7l/wish/1622721667