Heres how bad the chip shortage is, according to the White House

Today, the White House is saying out loud what you’ve likely already heard: the chip shortage won’t end anytime soon. “We aren’t even close to being out of the woods,” said US Commerce Secretary Gina Raimondo in a briefing with reporters today, according to Bloomberg, The Washington Post, and others.

Her comments come alongside a new Department of Commerce report that cites chipmakers who “did not see the problem going away in six months,” which also isn’t exactly news: chipmakers like Nvidia and AMD have repeatedly suggested the shortage wouldn’t ease until the second half of 2022, while Intel has said it might not end until 2023.

But the report, based on 150 responses from “nearly every major semiconductor producer and from companies...

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