A Japanese official says the global chip shortage impact is continuing but easing

The remarks are in response to the IP data out earlier:

Says the global chip shortage is continuing
  • but its impact is easing 
  • which has helped auto output to rebound sharply in June

Headlines via Reuters 

I’m not sure what this official is trying to say. I guess it is that there are more chips becoming available … maybe no one else is confused and its just me. 

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