New Delhi, July 28 -- The global shortage of semiconductor chips has triggered concerns as companies around the world fail to meet rising demand for a wide range of essential as well as modern tech products.

The shortage has intensified over the past couple of months.

A recent analysis by Goldman Sachs suggested that at least 169 industries have been impacted by the global chip supply shortage.

So what are semiconductor chips and why are they so important?

What are semiconductors?

Semiconductors are components needed for manufacturing cars, televisions, refrigerators, washing machines, personal computers, laptops, mobiles, etc.

These components are made from silicon and fit into microcircuits that power various electronic goods and ...