News Snapshot:
Last year, at the peak of the global chip shortage, we discussed if the world’s too dependent on Asia for its chip supplies. After all, the region has been the world’s biggest market for semiconductors , accounting for 60% of global semiconductor sales, within which China alone accounts for over 30%. But it has been two years and most companies would have prepared contingency plans and new strategies by now. So, have we broken Asia’s stranglehold on the world’s chip supply yet? The answer is a definite no–but what is certain is the efforts in place by companies, especially in...
