The worst is over for the global chip shortage, ABB chairman says: 'I'm quite optimistic'
Publishing timestamp: 2023-01-17 06:16:47
Summary
ABB's Peter Voser believes the global shortage of semiconductors is being sorted out and the worst of the chip supply crunch has subsided. He believes that slowing growth has helped balance out supply and demand. The US has taken measures to boost domestic production of chips, and ABB is managing the risk of brewing tensions between China and Taiwan.
Sentiment: POSITIVE
Tickers: 2330-TW, ABB, ABB.N-CH, TSM,
Keywords: taiwan semiconductor manufacturing co ltd, abb ltd, business news, economy, markets, technology, world economy,
Source: https://www.cnbc.com/2023/01/17/worst-is-over-for-global-chip-shortage-abb-chairman-says.html