Global Semiconductor Industry Faces Potential Disruption Due to Copper Shortage, PwC Report Warns
TL;DR
Semiconductor companies can gain a competitive edge by securing alternative copper supplies or innovating beyond copper dependency amidst climate-induced shortages.
Climate change impacts water availability, reducing copper production in key regions, which is critical for semiconductor manufacturing, as detailed in PwC's report.
Addressing copper shortages due to climate change can safeguard semiconductor production, ensuring technological advancements continue to improve global quality of life.
A PwC report reveals climate change could slash global semiconductor production by a third due to looming copper shortages, highlighting an unexpected tech vulnerability.
Found this article helpful?
Share it with your network and spread the knowledge!
The global semiconductor industry, a cornerstone of modern technology, may soon face significant challenges due to an impending copper shortage, as detailed in a recent PwC report. The study reveals that approximately one third of semiconductor production worldwide could be at risk, primarily due to copper supply shortages linked to climate change. Countries like Chile, a major copper producer, are expected to encounter difficulties in mining this essential mineral as water shortages become more prevalent.
Copper plays a pivotal role in the manufacturing of semiconductors, which are integral to a wide range of products from smartphones to electric vehicles. The potential shortage could have far-reaching effects, not only on semiconductor manufacturers such as Taiwan Semiconductor Manufacturing Company Ltd. (NYSE: TSM) but also on the global supply chain of electronic devices. The PwC report underscores the urgency for the industry to explore alternative materials or more sustainable mining practices to mitigate this risk.
The implications of this report are profound, suggesting that the tech industry may need to adapt to these challenges in the near future. Stakeholders across the sector are encouraged to consider the long-term sustainability of their supply chains and the environmental factors that could disrupt them. For more information on the report, visit https://www.pwc.com.
Curated from InvestorBrandNetwork (IBN)
