> component makers shut down manufacturing capacity and it's taking a long time to ramp it up Not really. The component manufacturers canceled their fab time c

> component makers shut down manufacturing capacity and it's taking a long time to ramp it up Not really. The component manufacturers canceled their fab time contracts with fab companies as they could not afford to hold onto them if their customer (the car manufacturers) were not buying from them. And once they did that fabs just sold the capacity to the next buyer. So now the component manufacturers only option is to buyout the contract from someone else (really really expensive with current available capacity) or just wait until the contracts expire to get a chance to bid for them again. Also as fab time is auctioned if the shortage still continues then the fab time will be really expensive even then.