Updates - Macro Trend

The global chip shortage could last until 2023

Semiconductors will be in short supply for some time to come yet, according to analysts that monitor the industry.

Today, chips are in everything from PlayStation 5s and toothbrushes to washing machines and alarm clocks. But there’s not enough to go around — it’s a multifaceted issue that shows no signs of abating, leading some to call the current crisis “chipageddon.”

Glenn O’Donnell, a vice president research director at advisory firm Forrester, believes the shortage could last until 2023.