Global manufacturers anticipate an end to the chip shortage
Hyundai Motor Co, factory robot builder ABB and Swedish fridge maker Electrolux see the semi-conductor chip shortage easing, executives said in a boost for manufacturers after a long struggle for components. An increased supply of chips will reduce one burden facing an industry that is also battling raw material price inflation, a tight energy market and rising interest rates that are throwing a dampener on consumer demand. Hyundai turned in its best quarterly profit in eight years as a weak won currency lifted the value…