US warns global chip shortage will likely last through 2022

Don't expect the worldwide chip shortage to end any time soon. Bloomberg and The Washington Post note the US Commerce Department has published a semiconductor supply chain report estimating that the global shortage will last until at least the second half of 2022. "We aren't even close to being out of the woods" with supply problems, Department Secretary Gina Raimondo said. Many companies are particularly sensitive to problems, too. The median chip inventory for a client company plunged from 40 ...