News Snapshot:
A semiconductor manufacturing plant in Japan. Photograph: Kazuhiro Nogi/AFP/Getty Images Here’s a tale of two industries – cars and computers. In February, major car manufacturers such as Nissan and Honda began to warn shareholders that revenues were likely to fall significantly below expectations. And the reason wasn’t Covid-19 – well, not directly anyway: the pandemic had already significantly depressed sales in 2020. No, the problem was that manufacturers were now unable to make some cars because they couldn’t get the silicon chips (processors and other semiconductor components) needed to get the vehicles rolling off production lines. As a result, some...
