Directions: Fill in the blanks using the correct tense of the verb:

The 2020–2021 global chip shortage _______ (is) an ongoing crisis in which the demand for integrated circuits _______ (is) greater than the supply, _______ (affect) more than 169 industries and has _______ (lead) to major shortages and queues amongst consumers for cars, graphics cards, video game consoles, and other products that _______ (require) semiconductors.

1
are, are, affected, lead, required.
2
is, is, affecting, led, require.
3
is, are, affects, led, requiring.
4
are, is, affect, leading, require.

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