If you look at new car lots, there are openings for more cars on the lot... probably 25% of the lot is empty. Why is this? Shortage of computer chips to go in the governmental requirements for the engine and transmission controls.
There was a new i-phone rollout where customers had to wait on their phones... due to a chip shortage, chips that are made by Taiwan Semiconductor.
Taiwan Semiconductor has emerged as the world’s most important chipmaker.
China's posturing is 2 fold... control of the computer chips for the world and ending the success of Taiwan. It is worrisome.