📊Executive Summary

The article discusses ongoing semiconductor shortages that are expected to persist into 2023 and beyond, driven by a combination of global risk factors including the pandemic, political instability, and production constraints. It highlights the significant impact on the ICT sector, particularly for power chips and semiconductors essential for computers and mobile devices. The report notes that TSMC is expanding its production capacity with a $40 billion investment to address these shortages. Procurement teams should prepare for continued supply chain disruptions, increased lead times, and rising prices as a result of these factors....