The semiconductor industry has played a crucial role in enabling remote work, education, healthcare, and communication during the COVID-19 pandemic. However, the industry is currently facing a significant challenge in the form of a global semiconductor shortage, which has been exacerbated by rising demand for chips during the pandemic response and fluctuations in demand for other products such as cars. The industry has been working to increase production to address the high demand, but most analysts expect the shortage to persist into 2022. The shortage has also highlighted the importance of America's semiconductor supply chains, which have become increasingly specialized in recent years, but have also become vulnerable to disruptions.
