Why Chip Shortages Affect Wire Manufacturers

Since 2020, affected by the new crown epidemic, countries around the world have adopted remote office and remote classes to avoid public contact, which has led to a significant increase in the demand for notebooks, tablets and their peripheral products.

However, the chain reaction of this chip crisis may not end in 2022. The most intuitive impact is that automakers and technology products will cut production and stop production, and consumers will wait for the latest electronic products to delay time. The indirect impact is more extensive. According to the analysis, the shortage of chips has affected 169 industries around the world to some extent.

Our wire and electricity manufacturers have not escaped the disaster. Most of the wires and cables are used in electronic products, household appliances, and mechanical equipment, but most of these devices require chips. However, the chip crisis has doubled the production capacity of these manufacturers, and some even stopped production, which has a great impact on wire and cable manufacturers.