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The sudden shortage of semiconductors affected many industries, incurring huge losses worldwide. Post global shortage, the production and efficiency of semiconductor makers has increased, which has contributed to the expected revenue growth of more than 8.5% in 2021, up from around 5% in 2019, the year before the pandemic. To control and contain losses, governments worldwide are also expanding their ventures and expenditures in semiconductor technology to reduce supply chain disruptions.
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