The Double Whammy Hits Global Tech: Chip Shortage and Rising Interest Rates Collide The global tech industry is facing a perfect storm as the ongoing chip shortage deepens, sending stocks plummeting worldwide.
Meanwhile, rising interest rates in response to renewed tensions in the Middle East have added another layer of uncertainty to the mix.
This latest development is not entirely new; the tech sector has been dealing with supply chain disruptions for years, exacerbated by the pandemic.