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The 2021 global chip shortage bears testimony that the industry’s perceived capabilities have fallen short on reaping the full potential of digital transformation and automation.
The Semiconductor Industry has been at the forefront of digitalization. Chips manufactured by the industry have enabled increased data storage, real- time data processing at the edge and the very manifestation of IIoT and AI in value chains worldwide. However, the automotive and medical device industries are outpacing semiconductor in terms of digitalization, with the semiconductor industry lagging behind.