Have you noticed the cost of certain computer components seem to be less available and more expensive than it was in the past and how difficult it is to purchase the latest generation video game consoles? This is not a coincidence but instead it is the effect of a global semiconductor (aka microchip) shortage on downstream manufacturers. You will find it hard to name much new electronic devices that do not use a chip of some kind - from new major appliances to new vehicles.

Two things are the likely cause of this and both of them have to do with the Covid-19 pandemic. The first is the cut in production by many chip suppliers that slowed their factory output after implementing measures to survive the pandemic. The other is the increase in the demand for these chip-using devices, some think it is because of the increase in buying by persons in lockdown who may have extra cash to spend. This low production – high demand problem also opened the door for a new technology scalping and resale business, which is causing frustration among desperate legitimate consumers.