Dario Pignatelli | Bloomberg | Getty Images
The Covid-19 pandemic brought with it a shift in the way Americans live, as a move to at-home work and leisure raised the need for electronics, and a surge in cash to consumers generated a pickup in orders for cars and other chip-powered products.For one, a March fire at the Renesas plant near Tokyo dented supplies, with full capacity not expected to be restored until the end of May.
The semiconductor issue has been mentioned dozens of times in conference calls that executives have held with analysts since first-quarter earnings began in early April.
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