The Chip Shortage Brings an Opportunity
You’ve probably heard all about the chip shortage – and how it impacts your everyday life.
Semiconductors are the building blocks of modern-day computing. Everything from smartphones to TVs to laptops to cars depends on them.
A strange combination of events, led by the COVID-19 outbreak in 2020, caused the automotive industry to mess up its chip supply lines.
First, travel restrictions decimated demand for new cars.
In response, automakers trimmed their production plans and reduced their orders for new microchips.
Then restrictions were lifted and demand for cars rapidly recovered.
Now here we are… stuck without chips.
And with that, enter today’s new pick…