US President Joe Biden is pushing domestic production of semiconductors amid a global chip shortage. Photo: Reuters
Global chip shortage likely to last through 2021 and even into 2022 as industry grapples with increasingly complex market forces
- The crunch, which began with automotive chips that control car brakes, has spread to consumer electronics
- US-China tech war and pandemic have complicated demand curve in a capital-intensive industry with global supply chains
US President Joe Biden is pushing domestic production of semiconductors amid a global chip shortage. Photo: Reuters