#Thread | The shortage in supply of semiconductor chips has caused setbacks across industries. Now, the Quad is looking to counter the vulnerabilities it has exposed.
It's a crisis that has cost the global automobile industry billions of dollars in sales and held up delivery schedules of everything from smartphones to computers.
No, it is not the #COVID19 pandemic, but the crunch in supplies of semiconductor chips. To be sure, though Covid-induced lockdowns were a trigger for the problem, what has really exacerbated it is the concentration of production almost entirely in just a handful of countries.
Which is why the security grouping known as the Quad, which comprises Australia, US, Japan and India, is putting great focus on resolving supply chain bottlenecks for this crucial component.
Established to empower children with education, the school system of 46 #AGSs since its inception in 1998 has taught more than 1.5 Lakh children from the region
CCP's 🇨🇳 Belt and Road Initiative has left scores of lower- and middle-income countries saddled with “hidden debts” totalling $385bn: Research
The findings are part of a new report published by AidData, an international development research lab based at the College of William & Mary in Virginia.
It has analysed more than 13,000 aid- and debt-financed projects worth more than $843bn across 165 countries, over 18 years to the end of 2017.
A group of high-profile US senators move a bill in the Senate seeking imposition of sanctions on the #Taliban that could also potentially extend to Pakistan 🇵🇰
The bill, titled ‘Afghanistan Counterterrorism, Oversight, and Accountability Act’, triggered an angry rebuke from a senior member of Pakistan’s cabinet.
The 22 lawmakers, all from the Republican Party, introduced the bill that requires “the imposition of sanctions with respect to the #Taliban and persons assisting the Taliban in Afghanistan, and for other purposes.”
Around 100 Chinese 🇨🇳 soldiers entered the Indian territory in Uttarakhand and damaged a bridge in Barahoti area before retreating back to #China: Reports
According to the reports, the soldiers of the People's Liberation Army (PLA) transgressed at least 5 kilometres inside the Indian territory through the Tunjun-La pass.
They had come on 55 horses, damaged Indian infrastructure, and left before they could be confronted by the Indian troops.
FATF succumbs to Chinese 🇨🇳 pressure and so doesn't blacklist Pakistan
Pakistan 🇵🇰 adopts the tactic of showcasing strict action against terror financing and terror organisations are continuing to function freely in the country
Pak has been using its established and active money laundering networks in Africa and Europe not only for ordinary Pakistanis sending remittances, but also for terror groups and the Pakistani intelligence to fund their activities abroad.
The UK has put Pakistan on its high risk list of countries due to its money laundering and terror financing activities, since the money laundered through these networks is used to fund criminal activities.