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Chip Shortage Still Stalls the World | Concord News
The global chip shortage isn’t going away anytime soon—and it’s wreaking havoc on everything from cars to gaming consoles. Demand exploded during the pandemic as people worked and played from home, while supply chains were crippled by factory shutdowns, natural disasters, and geopolitical tensions. Carmakers are idling production lines, prices for vehicles are climbing, and electronics are harder to find. While some relief may come in 12 months, full recovery could take years—thanks to the massive, time-consuming investments needed to build new chip factories. This crisis is a wake-up call…
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