Chip Shortages and Supply Chain Woes Will Last Through 2022, Business Figures Say

Chip Shortages and Supply Chain Woes Will Last Through 2022, Business Figures Say
A Chinese employee wearing a mask and protective suit works on a smart chip production line in Sihong county in China's eastern Jiangsu Province on Feb. 16, 2020. STR/AFP
Naveen Athrappully
Updated:

A chip shortage that is disrupting auto production and the technology industry is expected to continue until the end of 2022, according to ARM Holdings, a leading semiconductor designer based in Cambridge, England.

Industries hit the most due to shortages include consumer electronics, switch consoles, and especially, the automobile sector. Based on one estimate, manufacturers will be cutting down production of 7.7 million vehicles in 2021.

Naveen Athrappully
Naveen Athrappully
Author
Naveen Athrappully is a news reporter covering business and world events at The Epoch Times.
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