Russia’s invasion of Ukraine is likely to prolong the shortage of microchips

The global microchip shortage that began during the COVID-19 pandemic in 2020 has made the production of many goods more difficult.

Microchips are now used in virtually all devices that perform calculations or process information. As household appliances become increasingly “smart,” the effects of the shortage are visible across nearly all product categories, with particularly severe disruptions in the production of information technology, consumer electronics, and automobiles. (AI translation)

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