US working to address the global memory chip shortage through a supply chain coalition with allies in Asia, Europe and the Middle East, a State Department official told Nikkei Asia
Context
The U.S. initiative to form a coalition with allies to tackle the global memory chip shortage signals a proactive approach to ensuring supply chain stability. This move could strengthen ties with key partners in Asia and Europe while addressing a critical vulnerability in the tech sector, potentially impacting related equities and commodities.
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