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Hard Numbers: Global chips glut, DRC border jam, Amazon deforestation

July 12, 2022
Carlos Santamaria
Hard Numbers: Global chips glut, DRC border jam, Amazon deforestation
Gabriella Turrisi

35: Remember last year's big semiconductor shortage? It's over. High inflation, China's zero-COVID policy, and Russia's war in Ukraine have slashed global demand for chips, with the benchmark Philadelphia Semiconductor Index dropping 35% in 2022.

60: The Democratic Republic of Congo will expand its main border post with Zambia to ease congestion. Trucks loaded with precious minerals like copper are often stuck in lines up to 60 km (37.3 miles) long.

1,500: A record 1,500 square miles of Brazil’s Amazon rainforest were destroyed in the first half of this year, more than in all of 2021. What’s worse, the deforestation occurred during the rainy season, when it's harder to cut trees. Heading into the drier months, law enforcement is expected to be laxer ahead of October’s presidential election in which climate-skeptic President Jair Bolsonaro faces tree-hugger former President Luiz Inácio Lula da Silva.

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What We’re Watching: Peru declares state of emergency, Trump to meet Zelensky after Putin call, Bangladesh seeks to end political upheaval

People attend a vigil in memory of Mauricio Ruiz, a 32-year-old man who was killed during Wednesday's protest against Peru's President Jose Jeri, days after Jeri took office, in Lima, Peru, on October 16, 2025.
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The Peruvian government is declaring a state of emergency in Lima after the protests, which haven’t stopped, turned deadly – police shot and killed a 32-year-old man on Wednesday at demonstrations outside the Congress.

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