26-April-2024
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New Covid wave in Asia to worsen global chip shortage: Report
14-Jun-2021

A fresh wave of Covid-19 in Asia where vaccination is still in early stages can further worsen the global chip supply chain, the media reported. According to the Wall Street Journal, China, Taiwan and many other parts of Asia kept the pandemic in check better than the US and Europe. "Immunisation efforts in Asia, meanwhile, have lagged behind and authorities have largely kept in place tougher border controls to keep the virus out. Still, Covid-19 has spread," the report said on Saturday. Taiwan, a key hub for chip manufacturing, is currently experiencing a surge of Covid cases. Starting on May 10, Covid infections jumped from one to three-digit figures within a matter of days. Most of the 411 total deaths from Covid-19 on the island were caused by the ongoing outbreak, reports South China Morning Post. "Before early May, Taiwan's daily Covid-19 cases had rarely exceeded single digits," the report mentioned.

News Source:- https://economictimes.indiatimes.com/news/international/business/new-covid-wave-in-asia-to-worsen-global-chip-shortage-report/articleshow/83478732.cms