It is not an exaggeration to say that semiconductors rule the modern world.
They are not only a key component of almost every electronic device we buy and use, but also the factories that manufacture the electronic devices we buy and use. And now not enough is being made of them.
To find a long-term solution, President Joe Biden only ordered economic and national security experts to look for gaps in the semiconductor supply chain in the United States. They want to see how America depends on other countries to make semiconductors.
In the short term, however, CEOs and analysts of semiconductor companies say the shortage of chips will continue until 2021. Here’s how the global shortage of semiconductor chips has become so severe and what is being done to correct it.