Chip Dip Slip? Not So Much for Alphabet’s (GOOG) Google

The ongoing semiconductor shortage is nailing industries across the globe. Electronic devices—from computers to can openers to cars—all need semiconductors to function properly. As a result, products like vehicles are shipping without key features, and many others aren’t even being made because foundational components simply aren’t available.

A recent example is Alphabet Inc.’s (GOOG, GOOGL) Google, which had to delay a new “ultra-affordable” Android phone launch in India. Why? A…