Lot of speculation that these shortages are intentional, pre-planned even, as part of the global green initiatives to force the world off of fossil fuel energy along with closing coal plants, hydroelectric dams etc...
"The Chip Crunch Grows Worse as Wait Times Hit Record 21 Weeks... That gap was already the longest wait time since the firm began tracking the data in 2017..." https://www.bloomberg.com/news/arti...grows-worse-as-wait-times-hit-record-21-weeks
Chipmakers face two-year shortage of critical equipment Article at the Financial Times https://www.ft.com/content/763c9e15-44ab-43bc-b3e9-0d03bf27e841 But I cannot read it; maybe others can. But here is an article telling about that article: https://9to5mac.com/2022/03/21/crucial-chipmaking-machines-asml/ The warning comes from the CEO of ASML. And here is an article in Dutch at the NOS (Dutch Public Broadcaster) site about it: ASML kan grote vraag niet aan, remt groei chipsector - 21 Mar 2022 https://nos.nl/artikel/2422107-asml-kan-grote-vraag-niet-aan-remt-groei-chipsector PS: As I noted before, ASML is by far the most important company that makes the chip-machines with which Intel etc. make their chips.
Micron to Build a $100 Billion Chip 'Megafab' in New York When finished, the megafab's cleanroom space will be the size of 40 US football fields..." https://www.pcmag.com/news/micron-to-build-a-100-billion-chip-megafab-in-new-york
Hopefully, at least some Indigenous people can work there as there is a major Reservation in that area of New York. Would be beneficial all-around.
It's a good thing that the US and Europe will become less dependent on China and Taiwan for chips production. It will also be good for chip companies like ASML and Nvidia in the long run since the US is planning to ban certain type of chip export to China. Which of course might lead to a new trade war between China and the US. In the short term I believe that chip companies aren't out of trouble yet on Wall Street, because of the upcoming recession. So they will probably rise in October 2022 because investor sentiment has improved slightly and Q3 earnings are coming up. And then they will most likely fall again in November and December 2022 and perhaps make new lows. At the end of the day Wall Street is nothing but a game.
