ETN
Well-known member
Sounds like most of the stuff produced in Shanghai is industrial/equipment, but goods from all over the country move moved through that port, and most of the world's chips are produced in Taiwan and China. Even with Ford (and everyone else) trying to source more chips domestically, it takes time to acquire machines, personnel, and raw materials, to ramp up production. And raw materials are cratering lately. As others have noted, they should have closed the banks sooner, but I'm sure the truth is not too appealing to shareholders.