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Toyota will produce about 140,000 fewer cars and trucks next month, a 40 percent cut to its September production, as a result of the lack of microchips necessary for its electric vehicles. It’s just one of many recent effects from the global semiconductor shortage, which is slowing the delivery of cars, computers, medical technologies and many other products. This crisis in the semiconductor supply chain has widespread impacts on the global economy, as well as on our economy here in the U.S. We’ll analyze why this is such a major problem, what it means for Bay Area companies and what the U.S. could do to once again become a leader in semiconductor production.
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