CBS's 60 Minutes on August 29 had a segment about microchips. Link. It was a repeat from May 2, but I did not see it then. The first guest was the CEO of Intel. Very interesting. He said that only 12% of the world's microchips are made in the USA. Many are made in Asia, with Taiwan making the most microchips for cars. Another guest was the Chairman of the largest chipmaker in Taiwan.
New cars sales declined due to the Covid pandemic. Car makers cut back production. When car sales increased again, car makers weren't prepared for the jump in volume due to lack of microchips. The supply chain for microchips is several months.
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