TheStreet.com
Intel’s Forecast on the Chip Shortage Has Changed (You Won’t Like It)
From our laptops and video game consoles to medical devices and even our cars, chips power much of what we use regularly, from the ways we work and travel to the ways we enjoy leisure time. The global chip shortage picked up steam in the first year of the pandemic and snowballed when China’s Semiconductor Manufacturing International Corporation (SMIC) was hit with restrictions from the U.S. Department of Commerce during conflict between China and the U.S. Since then, people have either joined long waiting lists in hopes of eventually buying the items they want, or turned to the secondhand market to buy new cars and electronics, many of them marked up far above their market value.