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Published 2 years ago

Global chip shortage likely to last through 2023: US official

Summary by Ground News
Global shortage of critical semiconductors likely to last at least through next year and perhaps longer, US Commerce Secretary Gina Raimondo warned. Shutdowns of key Asian suppliers due to the COVID-19 pandemic crippled supplies last year. American consumers, flush with cash from government aid, went on a spending spree buying cars and electronics, which depend on the chips.

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