Chip Companies Cool Down
The semiconductor industry is used to cycles of booms and bust. As such, after a chip shortage that affected manufacturers at a global scale, the chip industry is now anticipating a challenging third-quarter earnings season.
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The semi-conductor chip shortage is easing, according to Hyundai, ABB, and Swedish refrigerator giant Electrolux. This is encouraging for manufacturers following a protracted search for parts.
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As the United States strengthens its grip over the technologies the world increasingly relies on—most critically, advanced semiconductors—other countries find themselves in a position of dependence that threatens their sovereignty.
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The continent that once gave the world the printing press, the jet engine and the World Wide Web is now conspicuously absent from the global tech vanguard.