Why the chip shortage drags on and on… and on

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The semiconductor industry lives at the cutting edge of technological progress. So why can’t it churn out enough chips to keep the world moving?

Nearly two years into pandemic-caused disruptions, a severe shortage of computer chips—the components at the heart of smartphones, laptops, and innumerable other products—continues to affect manufacturers across the global economy.

Automakers have been forced to halt production in recent months as sales decline because they can’t make enough cars. The shortage has affected industries from game consoles and networking gear to medical devices. In October, Apple blamed chip scarcity for crimping its

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