The Global Semiconductor Industry Risks Being Hampered by Looming Copper Shortage, PwC Report Says
According to a recently published report by PwC, one third of semiconductor production around the globe risks being compromised by copper supply shortages connected to climate change. As water shortages increase, many countries that produce copper, including Chile, will have difficulties producing the critical mineral that manufacturers depend on. Recently, there was a chip shortage resulting from supply chain disruptions triggered by factory closures when the Covid-19 pandemic nearly brought the global economy to a standstill. During that supply crunch, the auto industry and other sectors that depended on chips were severely impacted. Glen Burm, the project lead at PwC,…