The temperature issues continue and this time around they seem to affect more businesses than we think. In fact, the news comes that, due to the order of China to close the businesses located on Sichuan until August 20, some companies like Tesla, Intel And Toyota they can have problems.
This is an orderly temporary shutdown to ease pressure on electricity as the country tries worst heat wave in 60 yearsresulting in an increase in the activation of air conditioning by the population.
According to CNNtemperatures would have reached peaks of 40 degrees, and for that a good use of the electric current: Sichuan’s main source of energy, hydropower, which is heavily affected by heat waves, also creates further problems.
The problem is that Sichuan it is an important area for the production of semiconductors and industrial solar panels, and this block creates many problems: some analysts believe that this temporary block will lead to an increase in lithium and polysilicon, as there will be less reserves.
So if some companies complain about this problem and explain that there may be delays, other companies like the Foxconn – same as Apple’s iPads – and the Volkswagenthey say there won’t be a major impact (at least for now).
Source: Lega Nerd
