Chip shortage could pressure Mexico consumer prices for two years – finance minister

1 Minute Read by Reuters Staff MEXICO CITY, MEXICO, 30 JUNE (Reuters) – Due to a global shortage of semiconductor chips, which has pushed up automobile prices, Mexican consumer prices could remain under pressure for another two years, according to Mexico’s finance minister, Arturo Herrera. In a Tuesday night television appearance, he said that new semiconductor chip plants can take two years to develop, implying a two-year delay in growing chip supply. “We’ll be under this kind of strain for the next two years,” Herrera predicted. (Anthony Esposito contributed reporting, and Daina Beth Solomon contributed writing.)/nRead More