The article discusses the critical shortage of chips necessary for artificial intelligence (AI) technology, emphasizing the growing demand and the raw material constraints that underpin this crisis. Key factors include the reliance on scarce materials sourced from politically unstable regions, coupled with environmental and labor challenges that obstruct mining and refining processes. It highlights the burgeoning semiconductor market, projected to grow significantly, indicating an urgent need for supply chain managers to adapt to these evolving pressures and secure necessary resources.
Mining and processing these minerals is not easy either. Environmental regulations, labor conditions, and a lack of domestic refining capacity in many Western countries all contribute to a slower supply chain.
According to market projections, the global semiconductor materials market may grow from $72.03 billion in 2025 to $96.24 billion by 2032.
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