Business
Biden’s trade attack on China will reverberate around the world – Sydney Morning Herald
The world is experiencing a significant turning point in what for decades has been the increasingly China-centric globalisation of manufacturing.
Less obvious was the pandemics impact on demand for semiconductors. While some industries, like the auto and aviation industries, cut back production in response to the pandemic, the abrupt shifts in consumer behaviours generated by lockdowns and working from home saw massive increases in demand for computers and other equipment to support remote working and learning as well as a boom in other electronic products.
A shortfall in semiconductor supply relative to demand has led to automakers, including…
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