Title: 6 Causes of the Global Semiconductor Shortage | The Motley Fool
Headings: 6 Causes of the Global Semiconductor Shortage
6 Causes of the Global Semiconductor Shortage
The world's top chipmakers still can't manufacture chips fast enough to satisfy the market's insatiable appetite.
1. Intel's big mistakes
2. Declining memory chip prices
3. The COVID-19 crisis
4. Secular tailwinds
5. The ongoing tech war
6. More challenges ahead
What does this shortage mean for investors?

Content: IHS and Deloitte estimate the costs of all electronic components in cars accounted for 45% of their costs in 2020, up from just 18% in 2000, and that ratio could keep rising. Many chipmakers expected this supercycle to significantly boost their sales prior to the pandemic, but the crisis accelerated many of those trends while temporarily disrupting their shipments. That pressure will likely cause the global chip shortage to drag on. 5. The ongoing tech war
The tech war between the U.S. and China, which intensified under President Donald Trump and is continuing under President Joe Biden, is another pressing issue. The U.S. has already levied sanctions against several big Chinese companies, including SMIC and Huawei, amid national security concerns. Those sanctions are exacerbating the shortage of advanced chips in China, but they're also spurring the Chinese government to aggressively invest in its domestic chipmakers to reduce its overall dependence on overseas technologies -- which could cause a messy decoupling of the U.S. and Chinese markets. 6. More challenges ahead
The Biden administration recently proposed spending $50 billion to strengthen America's chipmaking sector, but fresh cash probably won't resolve the current chip shortage. That's because most of the global semiconductor market still relies on overseas companies like the Dutch semiconductor equipment maker ASML ( NASDAQ: