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Biden Team Says Global Chip Shortage to Stretch Through 2022

  • Raimondo says U.S. to probe potential price gouging on chips
  • Commerce report: semiconductor supply chain ‘remains fragile’
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Explain This: Global Computer Chip Shortages
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The Biden administration has concluded that a global semiconductor shortage will persist until at least the second half of this year, promising long-term strain on a range of U.S. businesses including automakers and the consumer electronics industry.  

U.S. officials plan to investigate claims of possible price gouging for chips used by auto and medical device manufacturers, Commerce Secretary Gina Raimondo said Tuesday.