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- Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Chip supply began to improve in 2022 and looks set to continue through 2023. Capacity was initially freed up due to weakness in some end markets, particularly PCs, smartphones and consumer electronics, where sales began falling in March 2022.www.jpmorgan.com/insights/global-research/suppl…The global chip shortage could drag on till 2022 — but the situation could improve from mid-year as more supplies become available, according to Gokul Hariharan from JPMorgan. An ongoing supply crunch for chips has hurt production across a number of industries, ranging from cars to consumer appliances, personal computers and smartphones.www.cnbc.com/2021/11/19/jpmorgan-on-semicond…Despite this, the industry recovered, with semiconductor revenue growing in each year between 2020 and 2022. However, new surges in demand such as those brought about by changing consumer habits, together with challenges in chip capacity allocation, resulted in a global chip shortage in 2021, continuing through to 2022.www.statista.com/topics/7797/global-chip-shortage/A global shortage of chips exacerbated by the Covid-19 pandemic is likely to get worse before it gets better. The U.S. and Europe are investing billions to compete with China, promising to back chip manufacturers such as Intel Corp. with a combined $100 billion subsidy.www.bloomberg.com/news/newsletters/2022-03-16…
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