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Written question asked by Marquess of Lothian (Conservative) on Friday, 28 January 2022, in the House of Lords. It was due for an answer on Friday, 11 February 2022. It was answered by Lord Parkinson of Whitley Bay (Conservative) on Friday, 11 February 2022 on behalf of the Department for Digital, Culture, Media and Sport.

Microprocessors: Shortages

Question

To ask Her Majesty's Government whether they have made any assessment of the potential (1) economic, and (2) inflationary, impact on the UK of any global shortage of computer chips; and what steps they are taking to mitigate any impact.

Answer

We appreciate the difficulties that businesses are facing around the world as a result of the current chip shortage. The global nature of this market and a confluence of unexpected events, including the unprecedented pandemic, shifts in demand, and the impact of natural disasters, have had widespread ramifications internationally, including for major chip manufacturing countries.

Working closely with industry, experts, and international partners, the Government is looking at options that increase diversification of supply, enhance the resilience of procurement supply chains, and technical options to accelerate diversification away from silicon chips. This includes working with key allies to address risks stemming from the global nature of the industry.

Secondary information

Type
Written question
Reference
HL5773
Session
2021-22
Subjects
Economic situation Inflation Shortages Microprocessors
Link
View this Written question on www.parliament.uk