The global chip shortage is here for some time
Microchips were a boom-and-bust industry even before covid-19
FOR WANT of a chip, the factory was lost. On May 18th Toyota became the latest carmaker forced to cut production amid a global shortage of microchips, announcing it would suspend work at two of its plants in Japan. Firms including Ford, General Motors and Jaguar Land Rover have also had to send workers home.
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Finance & economics May 22nd 2021
From the May 22nd 2021 edition
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