'This is a crisis now.' Biden official pleads with Congress to immediately address computer chip shortage
CNN
The worldwide computer chip shortage is fanning the flames of inflation and limiting the supply of everything from iPhones to new cars.
Unfortunately, this highly disruptive shortage is unlikely to go away until "deep into 2022," Commerce Secretary Gina Raimondo told CNN.
Raimondo, who recently toured semiconductor factories in Asia, said short-term problems linked mostly to Covid should sort themselves out during the second half of next year. That's barring any further Covid shocks that could deal another blow to supply chains.
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