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leads there. if you are trying to find a new vehicle, you know prices are high, supply is scarce, part of the reason is that shortage we have been telling you about of a key electronic component. fox business correspondent lydia hu is at a car dealership in new jersey to explain. good evening, bret. the global shortage on semiconductor chips continues as industry groups say shipments and production are reaching an all-time high. the world few chip manufacturers located mostly overseas, struggle to keep up with surge in demand as supply chain bottlenecks delay shipment. tijuana is home to the leading chip producer and its tense relationship with china adds concern about america s ongoing access to chips. the shortage is pitting the auto industry against consumer electronics for the limited supply available. the car manufacturers are feeling the pinch with constrained car inventory,
these long-term plans there s steps we re taking now to address this. number one, supply chain bottlenecks that because this economy has come back and demand has come back strongly, keeping goods from moving as quickly as they could and actually keeping prices up. so, we are, whether it s with computer chips and semi conductors, talking to international counterparts to try to make sure that chips are getting here to our producers. our ports. we re engaging with the port of long beach and l.a. to make sure those blockages that are there we re doing everything we can to encourage those to get unstuck. that s category one. category two, we have to look at any competitive practices in our economy that are leading to higher prices than consumers should pay. for example, in gas prices, we ve seen a phenomenon where oil prices go up and gas prices shoot up. but when oil prices come down, gas prices don t. that s not how a competitive market would normally work.