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1 Monster Opportunity in the Global Chip Shortage

1 Monster Opportunity in the Global Chip Shortage

The semiconductor industry is facing a challenging time in 2022, as a slump in demand for smartphones and personal computers led to a sharp decline in the sales of some major chipmakers. Several automakers have pointed out of late that the chip crunch in the industry is here to stay. Volkswagen, for instance, estimates that the auto industry could continue witnessing a chip crunch into 2023 and beyond.