Why are we running out?

The tech industry has been through a lot these past few years. Between covid and other financial trouble, the consumer has high demand for technology. Having to work remotely throughout all of 2020, the demand for technology has been higher than ever before! The automotive industry took the largest hit as electric cars have gained more popularity in the last couple of years. Chips are used in automatic vehicles as well, between sensors and back-up cameras; however when it comes to an all-electric make-up, more chips are required. Chips are everywhere in vehicles whether or not it’s automatic or electric. They are also in your everyday usage of your phones, tablets, and video game consoles. Imagine what had to happen for Playstation to release their groundbreaking console, the PS5. The demand is incredibly high and they’re super hard to snag. Maybe an effect of that is there’s not a lot of chips roaming around to make more the way they’d like to.