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Chips Are Tighter Than Ever | Concord News
Description
The global chip shortage is hitting beyond phones and cars—refrigerators, washing machines, and more are stuck in limbo as manufacturers scramble for semiconductors. Demand exploded during the pandemic, supply chains collapsed, and now recovery’s dragging production down. Consumers face delays and sky-high prices, while businesses strain under the pressure. While some sectors may ease by year-end, specialized chips could still be months away. New factories are in the works—but building them takes time and billions. This crisis proves how deeply our economy relies on these tiny, powerful chips.
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