possible microchip shortage
AI gold rush pits China vs US as possible microchip shortage looms: experts
Fox News host Bret Baier has more on U.S. and its allies efforts to increase semiconductor manufacturing on'Special Report.' The world could face another chip shortage as companies and nations seek to lead the way with artificial intelligence (AI) development, having seemingly made few changes after the impacts of the 2021 supply chain crisis, experts said. "The answer is different for different segments of the semiconductor industry and the chip economy," Gregory C. Allen, the director of the Wadhwani Center for AI and Advanced Technologies for the Center for Strategic and International Studies, told Fox News Digital. "Companies that make these chips are building out additional capacity to a different extent and in different market niches," he said, adding that while the world is "headed to an oversupply of certain types of chips," there is "already a shortage" of more advanced chips, reflected in the "extraordinary cost of each of these chips." China enacted a series of extreme lockdown measures, known as "zero-COVID," to combat the coronavirus pandemic, which required cities to shut down and test every resident after officials detected just a few positive cases.