It is no exaggeration to say that semiconductors feed the modern world.
Not only are they a key component of almost every electronic device we buy and use, but they also power the factories that make the electronic devices we buy and use. And now, they are not made enough.
To find a long-term solution, President Joe Biden has just ordered economic and national security experts to look for gaps in the semiconductor supply chain in the United States. They want to see U.S. trust with other countries to make semiconductors.
However, in the short term, executives and analysts at semiconductor companies say chip shortages will persist until 2021. It explains how the global shortage of semiconductor chips became so severe and what is being done to fix it.