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The Chip Shortage That Won’t End | Venice Beach News
The global chip shortage isn’t going away anytime soon—and it’s wreaking havoc on everything from cars to gaming consoles. Demand exploded during the pandemic as people worked and played from home, while factories struggled to keep up. Shutdowns, shipping delays, and surging demand for 5G devices and electric vehicles created a perfect storm. Carmakers are idling production lines, gamers can’t find new consoles, and everyday gadgets are getting pricier and harder to find. Experts say relief may come in 2023—or later—as companies scramble to build new fabs, but recovery won’t be quick. It’s a…
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