Chip shortage to worsen due to Russia and Ukraine War
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The conflict between Russia and Ukraine is likely to worsen the shortage of chips in the world market . Russia and Ukraine are key suppliers of raw materials used in the manufacturing of chips .
Ukraine is a major producer of semiconductor-grade neon gas critical for lasers used in chip making and supplies more than 70% of world needs.
Russia supplies 44% of the rare metal Palladium used in the production of chips in the world .
The United States sources 90% of its neon gas supply from Ukraine and sources around 35% of its palladium from Russia .
The world is already facing a shortage of chip supply due to disruption in the supply chain due to the corona pandemic and surge in demand for computers,laptops, mobile phones etc.
Chip is used in computers ,cars spacecraft.consumer electronics etc.
The chip market in the world is controlled mainly by China,Taiwan and South Korea ,Singapore, and Malaysia .
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