Automakers are worried about this

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I believe we've talked about this issue recently, but it bears repeating:

Right now, around the world, there is a major shortage on critical microchips, also known as semiconductors, that play an important role in everything from computers to video game consoles to even motor vehicles.

And now, according to a new report, a series of car manufacturers, including Ford, VW, and Daimler, are worried about the continuing repercussions of the shortage.

"We are relatively weak because of semiconductor shortages," Volkswagen CEO Herbert Diess said. "We are hit more in China than the rest of the world. That's why we are losing market share."

These shortages aren't set to resolve anytime soon, either, although the Daimler hoped that Q3 was the worst of the worst.

"That seems to be the quarter that will be most significantly affected by this."

Here's hoping.

What does this matter to you?

Well, it matters because these shortages have major effects on a lot of companies you might be trading.

Take some time to learn about semiconductors and how important and precious they are, and reflect on how this shortage will continue to affect the whole market, as well as the Christmas buying season.

Happy trading!

Markay

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