The good news: Chip shortages may have waned over the past two years. However, this is bad news for Asian economies and companies with tech supply chains. Contrary to the demand for the chip, now both China and America are gaining strength
slowdown in china’s economy And the shuddering pace in the US technology sector will drive demand for electronic devices from both consumers and businesses. Smartphone and personal computer shipments have started falling on a year-on-year basis. According to industry tracker IDC, smartphone shipments declined 8.9% in the first quarter, while PC shipments declined 5.1%.