Four Taiwan tech industry leaders warned the impact of China's #COVID19 lockdowns is huge, much bigger than its power rationing late last year, media report. The four all have operations in China, and say lock downs are wreaking havoc on supply chains. 1/2 udn.com/news/story/724…
The 4: AU Optronics Chair Paul Peng, Delta Electronics CEO Ping Cheng, Qisda Chair Chi Hung Chen and Lite-On Technology CEO Anson Chiu, media report, adding that Lite-On's Chiu said the issue will push the chip shortage into 2023. #semiconductors
China's semiconductor production shrank 4.2% in the 1st quarter amid #COVID19 related disruptions, with a steep decline of 4.2% in March, media report. The quarterly drop was the first since the 1st quarter of 2019. #semiconductors
Renewed #COVID19 lockdowns in 5 districts of Tangshan, China, could raise prices on electric vehicle batteries, as the area is a hub for lithium, energy, steel and chemical production, media report.
In a related news story, Delta Electronics' CEO Ping Cheng said his firm will further expand outside of China to reduce tariff, lockdown risk. China now hosts 60% of its capacity, down from 80% a few years ago. Delta plans to build new capacity in #India ,some in Europe, USA.
CentroNave, a Brazil shipping association, warned local transportation of goods in China has been severely affected by #COVID19 lockdowns or partial lockdowns in 20 cities, as many roads remain blocked, a key bottleneck leading to severe maritime delays, media report.
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