Let's talk about the current state of the global chip shortage
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00:00 - Intro
What's up you guys! In today's video, we are going to be breaking down the current state of the global chip shortage, what this means for you and what vehicle manufacturers are doing to combat this growing problem.
00:41 - Disclaimer
First, I want to offer a disclaimer as what we will be discussing in this video is in the context of what is currently going on in Ukraine. By me singling out the issue of chips and the impact on the automotive industry I am by no means insinuating that chips have equal importance to any of the other issues and events taking place in Ukraine. My thoughts are with the Ukrainian people and the reason why I am making this video today is that it is directly connected to the content I make on this channel involving the automotive industry.
01:34 - Ukraine's Impact on the Global Chip Shortage
Did you know that Ukraine is one of the leading produces of Neon Gas and Neon Gas plays an important role in the production of semiconductor chips? Neon gas is used to power the machines that etch semiconductor chips and though the chip shortage was looking better, the current war in Ukraine means that the chip industry may be strained even further because as of Thursday Neon production plans have been closed. Now, it is unclear exactly what impact this will have on global chip production worldwide, but it is safe to say that this is not great news.
05:33 - What Manufacturers are Doing to Combat the Shortage
With the chip situation looking bleaker and bleaker it is interesting to see how automotive manufacturers are combating this growing issue and it seems like one solution they have come up with is to simply take away vehicle features. More and more car brands are announcing the scaling back of features we've grown to know and love including heated seats, USB ports, navigation, and more.
08:59 - Closing
I hope you guys enjoyed this video, make sure to hit the like, subscribe, and the notification bell and I will see you guys in the next video.
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Disclaimer:
I am not a CPA, attorney, lender, or financial advisor. The content in these videos should not be construed as tax, legal, or financial advice...etc, and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a YouTube video for entertainment purposes ONLY. IF stocks or companies are mentioned, Aubrey may have an ownership interest in them – Please do not make buying or selling decisions based on Aubrey’s videos. If you need advice, please contact a qualified professional.
#ChipShortage #BadNews #CarMarket
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