Microchips
Supply-chain issues and an uptick in demand for electronics has meant microchip manufacturers are having a hard time. While consumer electronic companies such as Samsung and LG said that the shortage will likely impact their production quantities, car manufacturers have been hardest hit by the short supply, leading to a shortage of …
Ford has cut production at its Chicago facility as an ongoing microchip shortage takes a toll on the auto industry. Photograph: Scott Olson/Getty Images
Cars
The shortage of microchips has forced many car manufacturers to severely slow production, even as demand for new cars has soared. The price of a new car is up almost 10%, averaging nearly $40,000, compared to the past two years.