期刊名称:Euro Area Balance of Payments and International Investment Position Statistics
印刷版ISSN:1830-3420
电子版ISSN:1830-3439
出版年度:2021
卷号:2021
语种:English
出版社:European Central Bank
摘要:The semiconductor industry has recently seen a strong surge in demand. Revenues from global sales of semiconductors have almost doubled over the past decade and the Asian economies have consolidated their market dominance in this regard (Chart A). Looking at imports, the share of Chinese imports of semiconductors appears to be growing compared to that of the EU and the United States. At the onset of the COVID-19 pandemic, while sales of semiconductors to the motor vehicle industry collapsed globally during the second quarter of 2020, this shortfall was more than offset by a strong demand for computer and electronic equipment owing to the shift to remote working and distance learning. Once the global recovery took hold, the production of semiconductors was not sufficient to meet the surge in demand from the motor vehicle industry. In addition, various adverse events, such as fires and droughts affecting large manufacturing plants aggravated the global supply shortage of semiconductors.