Why the World's Microchip Crisis Will Last Longer Than You Think

Short Summary: Microchips are in most of today's technology, from an electric toothbrush to an SUV. But the supply of microchips has yet to catch up with its growing demand. Unfortunately, it's not so easy to just increase production. » Subscribe to Seeker! » Watch more Elements! » Visit our shop at » Sign Up for Seeker's Newsletter! It’s pretty hard to imagine a world without microchips. They’re not just in tech like your phone and computer, but in pretty much every electronic you’ll encounter today: refrigerators, washing machines, strings of LED lights, electric toothbrushes, cars, and so much more. They used to be so easy to get they cost only about a dollar each, but right now they’re going for as much as 150 bucks a pop because there’s a huge shortage, which isn’t entirely due to the COVID-19 pandemic. Why are these microchips so usef