'Dummy' Global Chip Shortage Disrupts Major Tech Companies

The surge in demand for electronic devices during the pandemic, coupled with supply chain disruptions, has created a bottleneck in chip production. This shortage of semiconductors, critical components in various electronic devices, is impacting the production of smartphones, laptops, gaming consoles, and automobiles. Tech companies are scrambling to secure chip supplies and are revising production forecasts to cope with the ongoing shortage. The chip shortage is expected to persist in the foreseeable future, highlighting the complex and interconnected nature of global supply chains.