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Bloomberg Markets and Finance features news about financial markets from around the world. Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.
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Bloomberg Markets and Finance published this video item, entitled “Chips Shortage Won’t Be Solved in Short Term: WSTS” – below is their description.
Mar.17 — Gabriel Chou, vice president for Asia Pacific at the World Semiconductor Trade Statistics, looks at the global shortage of semiconductors. The issue is starting to have serious effects for automakers, with Honda Motor Co. saying it will suspend production at some U.S. plants while Toyota Motor Corp. has already scaled back production due to the lack of chips. U.S. Industry leaders told a Senate committee yesterday that more incentives are needed for domestic production to reduce the reliance on foreign supplies of semiconductors. Chou speaks on “Bloomberg Markets: Asia.”Bloomberg Markets and Finance YouTube Channel
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The Pacific Ocean is the largest and deepest of Earth’s oceanic divisions. It extends from the Arctic Ocean in the north to the Southern Ocean in the south and is bounded by the continents of Asia and Australia in the west and the Americas in the east