A different chip shortage
The computer chip shortage for everything from vehicles, computers and smartphones in recent years has been covered extensively, but did you hear about the chip shortage for payment cards?
Yep, credit card issuers are also facing a shortage of chips that are integrated into physical credit cards – especially as no contact payments surged due to the pandemic.
Speaking of Chips, South Korea Building Chip Center
Turning back to computer chips, South Korea announced they will build “world’s largest” chip production center with help from a $230b investment from Samsung.
Wholesale Prices Declined
Apparently, wholesale prices declined 0.1% for February. Meaning possible easing of inflation, although for consumers are looking for a faster decrease in inflation.
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