China Closed Giant Factories Because of ‘Hot Weather’!

A news that will fall like a bomb on the agenda came from China, where the hottest summer season of the last 60 years has been experienced. Increasing use of air conditioners across the country, China’s to the electricity grid exceeded expectations. Desperate, the Chinese government resorted to issuing orders to shut down factories. The decision coming from China, the heart of the technology world, may cause problems in the supply of many technological products. It is thought that this situation may also be reflected in the prices.

According to news served by CNN and Bloomberg Tesla‘s battery supplier CATL, appleFoxconn, one of ‘s chip suppliers, Toyota, Volkswagen, Texas Instruments and semiconductor manufacturer onsemiteaffected by the decision. According to the order of the Chinese government, the factories belonging to these companies are at least until 20 August they will not be able to work.

Nobody knows what will happen

It remains to be seen what the consequences of the Chinese government’s decision will be. nobody knows. Some analysts believe that limited supply chain disruption to a few days will not disrupt business too much. Even Apple supplier Foxconn and Volkswagen also support this view. However, according to some analysts, the situation is not very not so.

According to some analysts, even a few days’ pause raw materials will increase prices. In fact, the prices of polysilicon used in the production of solar panels have already started to increase. However, this is not the only raw material that will rise in price. According to analysts, it is used in batteries of electric cars and smartphones. lithium prices will also rise. If such a situation becomes a reality, we may start to see the news that technological products such as smartphones and tablets have increased.