📊Executive Summary

The article discusses the ongoing semiconductor shortage exacerbated by the AI boom, as highlighted by TSMC CEO C.C. Wei. He indicated that the global supply of semiconductors will not meet demand for several years, despite new manufacturing capacity in the US. The phenomenon of 'chipflation' is noted, with memory chip prices reportedly rising sixfold, impacting various sectors including smartphones and PCs. The article also mentions geopolitical tensions affecting supply chains, particularly concerning US export restrictions to China. This situation necessitates close monitoring by procurement teams as it could lead to increased costs and supply constraints....