Global Chip Shortage Could Subside Later this Year-Goldman Strategist

Global Chip

Goldman Sachs is optimistic on the recovery of the semiconductor supply as the disruptions of chip shortage globally is declining.

Source: CNBC.

Glob Chip

SMH: Vaneck Vectors dips -0.51%

The tightening of supply chains and delays in Asian economies, including Taiwan, Japan, and South Korea contributed to the earlier shortage of chips.

The global chips shortage hurt the production levels of household electronics. AlixPartners, a consulting firm, expects the shortage to cost the auto industry $110 billion in revenues.

Dan Hearsch, MG AlixPartners expects the global car production to improve consistently in the second half of 2021 towards 2022.

The isolated disruptions in Taiwan should be closely monitored as they could impact short-term production. 

FXTechLab Staff
Our team consists from professional traders with over 10 years of experience carrying a mission to simplify automated forex trading for everyone.

Consumer Credit Increases to 5.3%, a Steady Rise over the last three Months

Previous article

MATALINO FOREX EA Review: Unreliable Trading System

Next article

You may also like


Leave a reply

Your email address will not be published.

More in News