The global shortage of microchips has had a devastating impact on multiple industries, not least automotive manufacturers, who are expected to have lost some $210 billion in 2021 because they couldn’t get enough chips to drive the systems in their vehicles. But how did we get to this state of affairs?
Think it will be difficult to bring back manufacturing to the United States? Getting out of China isn’t so easy either.
It wasn’t too long ago that we began seeing signs of a return of manufacturing from China back to the U.S. Has someone flipped the script?
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