What Are the Sources of the Chip Shortages?

In an earlier incarnation, you served as deputy assistant us Trade representatives. How big of a problem are the peter chip shortages that we have seen in recent years? Ye, it's a groad question. A lot of people are thinking about chips right now because of the supply change shortages. Given the importance of chips in pretty much every sector of our economy and the fact that our economy is becoming increasingly digitized, the supply shortages are a real problem.