WTH Is Going On

Google says there's a chip shortage so now they can't make cars. How long is this shortage going to last?

For vehicles the chip shortage could last a year or two.

The automotive industry's orders are a low priority for the foundries. The cloud providers and the smartphone, laptop, wireless, etc. companies get their business first.

Last year those companies' orders went through the roof, while a lot of the automotive industry canceled their orders when they shut down, leaving the foundries high and dry.

Most also don't want to invest in opening more production capacity for the automotive industry because the technology is outdated.

I guess it makes me glad I bought my car in June 2020, when no one was buying and prices were low!

So what does the possible crash mean for the trucking industry? Parts of it seems to be counter-cyclical, in that people still need necessities, but it has to take a hit as well, eh?

I better hurry n retire n move to Philippines before the SHTF lol Soon as they reopen tourism ughhhh another slow rolling country