📊Executive Summary

IHS Markit recently highlighted the ongoing global semiconductor shortage and its implications for various sectors, particularly automotive, which is projected to incur a $60 billion loss due to component shortages. The report indicates that 85% of semiconductor types are experiencing increased lead times, with 26% of manufacturers extending turnaround times by over 10 weeks. Additionally, there is a notable rise in end-of-life (EOL) announcements, particularly affecting oscillators, resonators, and passive components. IHS Markit recommends that OEMs increase stockpiles, monitor lead times closely, and foster strong supplier relationships to navigate these challenges effectively....