Demand is raising prices for chips, the vital pieces that power so many electronic devices.
The impact can be seen across many industries. Car production slowed as chips became harder to acquire. And manufacturers can opt to install the chips in vehicles that make the most profit – not necessarily the vehicles you want.
Rising prices for laptops, printers and other items also are blamed on the shortage. Chips have been in increasing demand for the last several months as the world has been dealing with Covid-19 and the aftermath.
During Covid-19 there was a huge jump in the number of people buying computers for work and for personal use, such as gaming – all dependent on chips. Meanwhile, shutdowns, quarantined employees and supply chain problems hampered many companies that make chips.