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No end in sight for global chip shortage

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global chip shortage

There seems to be no end in sight for the global chip shortage as wait times extend to as much as 20 weeks significantly delaying critical industries.

New research has found that the time between ordering a chip and receiving one has extended by more than 8 days when compared to last month the longest wait time since data began being tracked in 2017.

These delays are having a significant impact on many critical industries, including car manufacturers, industrial equipment and home electronics producers.

But it is the motor vehicle industry that is feeling the greatest pinch – which is expected to lose $100 billion in sales due to the inability to make cars.

Other tech giants like Apple, Microsoft and Samsung are also unable to keep up with consumer demand for their products.

It comes as the Biden administration moves to secure on-shore chip manufacturing plants in a bid to end this worldwide shortage.

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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