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COLUMBUS, Ohio — Ohio offered Intel Corp. incentives worth roughly $2 billion to secure a new $20 billion chipmaking factory that the company says will help alleviate a global shortage and create a new technology hub in the Midwest.

The Biden administration has concluded that a global semiconductor shortage will persist until at least the second half of this year, promising long-term strain on a range of U.S. businesses, including automakers and the consumer electronics industry.

COLUMBUS, Ohio — Intel will invest $20 billion in a new computer chip facility in Ohio amid a global shortage of microprocessors used in everything from phones and cars to video games.

Volkswagen AG sales dropped to the lowest in a decade last year after the global semiconductor shortage hampered the German manufacturer’s auto output.

The auto industry is being upended anew in ways that could challenge Aptiv.

Severe weather disruptions hit Malaysia and the Philippines, leaving a trail of destruction among nations most prone to natural disasters.

A coalition of trucking, transportation and manufacturing stakeholders in letters sent to President Joe Biden, members of his Cabinet and congressional leaders expressed concern over how the persistent shortage of semiconductors needed for manufacturing new trucks is affecting the broader economic landscape.

Carmakers including Volkswagen AG and General Motors Co. should brace for the global semiconductor shortage to last beyond next year and redesign cars so they need fewer of the high-tech components, consultancy Roland Berger said.

BMW AG signed a long-term deal to secure semiconductors for in-car lighting systems after a global shortage of the components led to shutdowns at some of its factories.

Commerce Secretary Gina Raimondo on Nov. 29 will make the case for more domestic production of semiconductors in a pitch aimed at the administration’s goal to have 50% of U.S. vehicles be electric by the end of the decade.