Apple chip shortage will end, but U.S.-China
supply chain ‘train wreck’ is coming
- Apple said on Thursday it lost the equivalent of $6 billion in sales due to chip shortages.
- The semiconductor shortage has led to calls for more chip production within the U.S. as part of shoring up supply chains for key technology across sectors including autos.
- A larger geopolitical rivalry between the U.S. and China over technology sovereignty and tech as a national security concern poses a threat to supply chain stability that will last longer than the current global manufacturing and logistics bottlenecks.