There's a really good (free) interview on the Verge with Dr. Willy Shih who explains whats going on: https://www.theverge.com/2021/8/31/22648372/willy-shih-chi

There's a really good (free) interview on the Verge with Dr. Willy Shih who explains whats going on: https://www.theverge.com/2021/8/31/22648372/willy-shih-chip-shortage-tsmc-samsung-ps5-decoder-interview?scrolla=5eb6d68b7fedc32c19ef33b4 https://www.theverge.com/2021/8/31/22648372/willy-shih-chip-... TLDR: it essentially was the pandemic: cancelling orders -> redirecting supply -> too late to uncancel -> low supply + competitive hoarding. Plus a 10 year $150B head start.