Global chip shortage likely to last through 2023: US official

The original article can be found here.

Article Highlights:

  • The global shortage of critical semiconductors is 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.
  • The US Senate and the House of Representatives each have approved $52 billion bills — the CHIPS Act and the America COMPETES Act — that would invest in domestic chip research and manufacturing.