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Semiconductors

Apple and Ford latest victims of global chip shortage

US auto industry does not see semiconductor crunch unwinding until next year

The chip shortage is expected to depress Apple's sales in the April-June quarter.    © Reuters

NEW YORK -- The global chip shortage has shown no signs of easing, squeezing sales at Apple and Ford Motor and threatening the post-pandemic economic recovery, with a return to normalcy not expected until next year.

Manufacturers had initially anticipated their supply chains would go back to normal by the middle of this year, but a chip plant fire at Renesas Electronics has upended that calculation.   

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