To assert that semiconductors operate in the modern world is an understatement.
They not only run the factories that create the electronic gadgets we purchase and use, but they're also a fundamental component of practically every electronic item we purchase and use.
They run our laptops, cell phones, cars, washing machines, and refrigerators, and that's just the equipment in our house.
Semiconductors are crucial for the military and the electrical system in general.
If the software is eating the world, chips are the teeth, and there aren't enough of them.
This has resulted in a massive global shortage, and it went so low that General Motors, one of the world's largest automakers, has said that it could end up losing approximately two billion dollars.