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Investing in Chips

Car companies hoping to avoid the production delays confronted in 2021 are striking deals directly with chip makers and racing to secure inventory.

Technicians in the cleanroom at Globalfoundries.

Technicians in the cleanroom at Globalfoundries.

Photographer: Lauryn Ishak/Bloomberg
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A Chinese proverb goes, “If you have guanxi (relations) with very important people, all your troubles will go away, but if you don’t have any guanxi with any VIP, your troubles will continue to haunt you.”