When schools went remote in 2020, the demand for laptops and tablets skyrocketed. This depleted inventories, accelerated the need for computer chips and created sustained shortages. Read on to learn five reasons this situation persists.
Why Does the Chip Shortage Matter?
It’s led to a sharp scarcity of both consumer and business electronics at the same time as demand for new electronics has soared. In addition, it helped fuel July’s 8.5 percent U.S. inflation rate, the highest in decades.
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