The chip business was already stretched to the breaking point. A shortage in semiconductors—the small chips that are the foundation for most advanced technology, from iPhones to the computer-enabled systems in Ford F-150s—created shipping delays and led to higher prices for electronics last year. Then, in early April, came the Shanghai COVID lockdown.
Read More: https://fortune.com/2022/05/14/china-covid-lockdown-shanghai-supply-chain-inflation-semiconductor-shortage/