The tumultuous COVID-19-related events of the past two years have led to supply chain disruptions across nearly every industry. One notable consequence of these disruptions is the semiconductor shortage. This shortage has led to bottlenecks for many sectors, including automobiles, tech products, and home appliances. While demand in the U.S. was initially low during the COVID-19-induced recession in early 2020, the recovery has been marked by strong demand boosted by, among other things, accommodative fiscal and monetary policies. In recent months, bottlenecks have made it difficult for input suppliers to keep up with ... (full story)