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Capital Group | Semiconductors could be the new oil – here’s why

Semiconductors

How persistent will the shortage in semiconductors be, and what does it bode for the future of the industry? In our view, the shortage is more cyclical in nature and more acute in a couple of industries like autos and PCs. If anything, we see semiconductors powering the next decade of global growth in an increasingly data-hungry world, much like oil fuelled the rise of industrial economies in the last century.

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