@Porcupineintherough
I remember when all the European microchip factories closed because they couldn't compete on price with chips produced in the far east. Maybe we'll need to rethink that then? Or buy from China. I guess being a service only economy wasnt such a great idea after all.
We can’t buy from China - China doesn’t have the capacity to service the market if Taiwan is off limits.
Even if they did, there’s no guarantee the chips are identical or the processors you have designed will work on them - so they have to be re-engineered which costs time and money and takes up development hours which could be spent designing actual new products - so you end up with something that’s more expensive than usual but you can’t sell it for more because it’s an existing product with a defined price point. And you have no new products because your dev team have been redesigning products to works with the chips on the market.
Then the free stock of chips runs out and your really stuffed because the manufacturers still haven’t built enough stock for demand and there’s nothing else you can use - no stock =no sales=no profit=no jobs.
And it’s not just cars, it’s everything that uses any sort of electrical chip, so your toaster, your TV, the x ray machine at the local hospital, the computers that monitor the electricity grid or the local nuclear power station, the controls for smart motorways…
In a world so reliant on technology the impact of a chip shortage is potentially catastrophic.
But there’s very little the average person can do to change any of that, so I do understand the people who are saying they’ll just add it to a long list of disasters they can’t control.
The worlds going to shit.