Reported about 4 hours ago
The Ifo economic institute reported that the chip shortage affecting German manufacturers has worsened in October, with 10.4% of companies facing supply bottlenecks, up from 7.0% in July. The shortage is largely attributed to increasing trade restrictions on rare earth materials, primarily from China, critical for semiconductor production. As a result, there are concerns regarding the potential negative impact on economic growth.
Source: YAHOO