Chip, component shortages see no quick end in sight

The story has become somewhat familiar by now: semiconductors and other electronic components have been in short supply for months, with effects felt particularly in the automotive industry. This has meant long waits for new models, soaring prices for used cars, and in some cases temporary plant shutdowns as car production is halted.

Don’t hold your breath that this situation is going to end soon, as many industry observers don’t expect any relief until at least next year.

A perfect storm of circumstances, precipitated largely by the ongoing COVID-19 pandemic, has created a supply and demand crisis for semiconductors and

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