The microchip shortage is over.

It turned out that companies had accumulated too many chips in warehouses and the shortage turned into an oversupply. That's because during the pandemic, manufacturers stocked up on computer chips "just in case." Prior to this, just-in-time production was the norm for companies that ordered parts as close to production as possible to avoid excess inventory, reduce storage capacity and reduce costs. However, due to the fact that many chip manufacturers have reduced or completely stopped work, unrest began in the market - companies feared that there simply would not be enough chips for everyone. As a result, they bought chips in volumes that exceeded their real needs. So there was an artificial shortage.