Richard Yetsenga is chief economist and head of research at ANZ Banking Group in Sydney.
The advance of semiconductor technology, one of the last surviving deflationary forces from the pre-pandemic decade, is running out of steam.
Opinion
Semiconductors won't help hold down prices anymore
Technology's demand on physical and labor resources is becoming inflationary
Smartphone users in Phnom Penh: Penetration of smartphones has resulted in a huge rise in semiconductor manufacturing's call on physical resources. © Reuters
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