Providing an investor’s perspective on the global supply chain disruption, Morningstar has published this story, which includes infographics on shipping delays, automobile inventories, and food-related commodity prices. The article spotlights the heavy concentration of computer chip manufacturing in Asia, adding that pending federal legislation would boost semiconductor production in the U.S.
Meanwhile, U.S. Commerce Secretary Gina Raimondo says the semiconductor shortage is likely to last at least through next year and perhaps longer. She repeated her call for Congress to approve the chips funding legislation, saying, “We are really on borrowed time.”
The National Association of Manufacturers recently sent an open letter to Capitol Hill, outlining ten recommended priorities the chips funding bill should address. 6/1/2022