Apple chip shortage will end, but U.S.-China supply chain 'train wreck' is coming
Publishing timestamp: 2021-10-29 14:13:33
Summary
Apple lost $6 billion in sales due to chip shortages, highlighting the need for the U.S. to rethink semiconductor sourcing. Concerns over supply chain stability, geopolitical rivalry, and national security threats are driving calls for more domestic chip production. Executives and policy advisors warn of potential long-term supply chain shocks and emphasize the importance of creating economically competitive U.S.-based semiconductor supply. The current labor shortage and supply chain bottlenecks are top concerns for tech executives, who stress the need for increased visibility and security in supply chains. The auto industry, in particular, is facing challenges due to the ongoing chip shortage. Policymakers are considering measures to rebalance supply chains and ensure technology sovereignty, but there are concerns about global alignment on these issues.
Sentiment: MIXED
Keywords: politics, zebra technologies corp, china, marvell technology inc, ouster inc, u.s. economy, technology, united states, business news,