For something slightly different this week, we had a little chat with ChatGPT about the semiconductor industry.
AI has been prolific in recent years, and ChatGPT specifically has been all over the news since its release in late 2022. So we were curious what the AI chatbot thought of the industry we are all so invested in.
So, here’s what we asked:
What caused the semiconductor shortages in 2020?
We specified a year because the scope of simply “semiconductor shortages” is endless.
ChatGPT first responded by saying it was brought on by a “combination of factors”. Possibly predictably, it listed the COVID-19 pandemic as the first cause. People moving to home-working and home-schooling, combined with the factory shutdowns and logistics headaches heavily impacted the industry.
Next, ChatGPT said the trade relations between China and the US affected the market. Restrictions and tensions led to China purchasing less from the US, while American manufacturers moved to concentrate on the automotive industry.
Thirdly, increased demand in electric vehicles (EVs) and other high-tech products was also a factor.
Lastly, ChatGPT said that the industry’s reliance on a “just-in-time” model was only sustainable when demand is stable.
All of ChatGPT’s full responses will be available at the end of this blog for full transparency.
What are the main challenges facing the electronics industry today?
Once again, COVID-19 was at the top of ChatGPT’s list.
According to the chat bot, the pandemic showed the “vulnerability” of global supply chains and risk mitigation is now higher on companies’ priorities list.
Next, the “ripple effect” caused by the shortages continues to affect prices and electronic component shortages.
Increasing labour costs and raw material price increases were also on ChatGPT’s list. The bot additionally, brought up regulatory compliance being an issue for companies, specifically small and medium businesses.
Finally, it said the constant need for innovation and the “growing problem” of e-waste as other challenges facing the industry.
What do you think?
How do you feel about ChatGPT’s responses? Do you think it is accurately representing what is going on in the electronics industry or is there something that it missed?
We’d love to know your opinion on ChatGPT and its perception of the electronics market. Chat with us on LinkedIn and share your thoughts with us!
Disclaimer: ChatGPT does not reflect the views of Cyclops Electronics, for transparency all of our questions and ChatGPT’s full responses are listed below.