A credit perspective on global semiconductor shortages
Shortages of semiconductor chips are contributing to severe global supply-chain disruptions and higher consumer prices for everything from cars to toothbrushes. Those disruptions are unlikely to ease in the near term. Vanguard’s credit research team sees more value among chipmakers’ customers, industrial original equipment manufacturers (OEMs), many of which have proven adept at navigating both the chip shortages and inflationary pressures.
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© 2022 Vanguard Asset Management, Limited. All rights reserved.
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