The bottom line is that there is a chip shortage as INTC and NVDA shares are moving appreciably higher.Ĭars, electronics, gaming consoles, mobile phones, and many other products depend on the chips or semiconductors that make them work.Īfter a few years of weak demand for technology products, the global pandemic caused a substantial-tech buying spree. The Biden administration pledged to remedy the situation and followed through with an executive order directing a government-wide review of supply chains for critical goods. On February 11, a group of US chip designers and manufacturers sent a letter to the US White House, asking the government to include “substantial funding for incentives for semiconductor manufacturing” as part of the coronavirus recovery plan.
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