High demand for tech and supply chain chaos has resulted in chip shortages across the world. However, companies can’t make more chips since now they are facing a shortage of chip-making tools.
As a way to avoid semiconductor shortages and supply chain crises in the future, companies and governments across the world are pouring billions of dollars to manufacture semiconductor chips on their own. The silicon industry faced a massive difficulty to cope with the surge in demand for things powered by semiconductors, including electronics, cars, and other gadgets, in the ongoing pandemic.
