A chip shortage that is disrupting auto production and the technology industry is expected to continue until the end of 2022, according to ARM Holdings, a leading semiconductor designer based in Cambridge, England. Industries hit the most due to shortages include consumer electronics, switch consoles, and especially, the automobile sector. Based on one estimate, manufacturers will be cutting down production of 7.7 million vehicles in 2021. Simon Segars, CEO of ARM Holdings, said on Tuesday that the semiconductor industry is pumping in $2 billion on a weekly basis which will lead to a 50 percent increase in production. But, this is going to take time and the supply crunch will persist in the current scenario. “Where are we going to be next Christmas? I expect [these] supply chain constraints to be a little better but it won’t be completely fixed,” Segars said at the Web Summit in Lisbon reported AFP. …