It's wild how much power can be held in something that's only nanometers in size, but that's the case when it comes to the semiconductors that power the digital world as we know it today. Chips are to consumer electronics and auto vehicles what roots are to trees, fuel is to rockets, foundations are to buildings, and blood is to the human body -- you get the point. It sounds dramatic, but it's true. 

Unfortunately, the COVID-19 pandemic and logistical problems led to a global shortage of chips. In the second week of August alone, automakers lowered their global vehicle productions by over 80,000 to account for a continued automobile chip shortage.

Things are looking more favorable for the global chip shortage, but there's still a ways to go. The one company that stands to gain as the world works through this chip shortage is Taiwan Semiconductor Manufacturing (NYSE: TSM) (TSMC).

Continue reading

Source Fool.com