The chip shortage that’s wreaking havoc on supplies of cars, computers, and more could last another 2 years, experts say

The chip shortage that’s wreaking havoc on supplies of cars, computers, and more could last another 2 years, experts say

Semiconductor chips are in almost everything these days. As Glenn O'Donnell, a vice president at Forrester Research, put it, "if it has a plug or a battery, it is probably ." The global chip shortage that is jamming up auto manufacturers is rippling across nearly every industry that makes or uses tech-enabled products. In particular, analysts say the boom in cloud computing and cryptocurrency mining, as well as the embedding of smart features in everything from doorbells to dishwashers, has led to a gold rush in the sector. But a combination of factors have pinched the supply as demand continues ramping up, leading to severe shortages that industry leaders and analysts say could drag out into 2023. " … before we get enough incremental capacity online to alleviate all aspects of the chip shortage," IBM President Jim Whitehurst told the BBC. His company licenses microprocessor technology to the world's leading chip makers. Last week, Reinhard Ploss, CEO of German chipmaker Infineon, told CNBC his industry has never seen conditions like these, but that two years to normal seemed "too long." Other firms have painted even rosier forecasts — Taiwan Semiconductor Manufacturing Company (TSMC), the largest chip maker, said it expects