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Global Chip Crunch
The ongoing global shortage of semiconductors has spread to a variety of industries, from cars to consumer electronics and home appliances. Given the importance of chips in today’s manufacturing, the shortage has highlighted vulnerabilities of many firms, sectors, and economies that arise from integrated trade links and lack of supply chain diversification. This has prompted policy interventions globally to increase investment in the semiconductor sector in order to raise capacity and improve countries’ self-sufficiency. Supply chain issues are also triggering concerns regarding global manufacturing prospects and ... (full story)
