Semiconductors

Nearly every device we use on a daily basis, including our phones, televisions, and cars, is manufactured using semiconductors, silicon chips that process complicated data. They served as the foundation for the recent technological revolution, which made it possible for the first time for us to construct intricate machines like computers.

Yet right now, there is a severe scarcity of semiconductors all around the world. Though silicon is the second most common element on Earth after oxygen, it isn't because of a lack of raw materials. Instead, it's because of the enormous rise in post-Covid demand for items like laptops and workout equipment.

Also, a lot of automakers are now offering driver assistance systems and other cutting-edge technology that produce a lot of chips. Only two South Korean and Taiwanese enterprises, both of which have experienced their own supply chain challenges and Covid restrictions, make the majority of semiconductor chips.