The Global Chip Shortage And How to Fix It

The video discusses the role of semiconductors in modern devices and how the pandemic disrupted chip demand. Automakers reduced chip orders, while demand surged in tech sectors, leading to a supply chain shift. The resulting chip shortage impacts various industries, with significant economic consequences. The U.S. government is investigating reliance on overseas manufacturers. Analysts predict a supply-demand balance may not occur until later in the year.

What steps has President Biden taken regarding the chip manufacturing issue?

When do analysts predict that supply will meet demand in the chip market?