US Sanctions, Tech Firm 'Panic Buying' Fuelled Global Semiconductor Shortage, Huawei's Eric Xu Says

https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/business/202104121082606378-us-sanctions-tech-firm-panic-buying-fuelled-global-semiconductor-shortage-huaweis-eric-xu-says/ Numerous regions in the global semiconductor production chain had helped the industry to promote continuous innovations and reduce costs to benefit global enterprises and consumers, but problems had begun to worsen amid the ongoing chip shortage, a top exec from the world’s largest telecoms firm has said. Rising fragmentation in the global semiconductor industry has triggered massive panic stockpiling and increasing prices in the sector, harming trust in the chipmaking market, Eric Xu, company rotating chairman said at the Huawei Global Analyst Summit 2021 on Monday. © AP Photo / Ng Han Guan Huawei’s AppGallery Rivals Google, Apple…