Implications of the 2021 Microchip Shortage

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From the perspective of 2021, the underlying vulnerabilities of global supply chains are obvious. And there is no better or more far-reaching example of that than the semiconductor industry, where barriers to entry are notoriously high, technological competition is cut-throat, lead times are long, and the balance of power overwhelmingly tilts towards a few gargantuan companies.

Furthermore, other indispensable ind.....
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