semiconductor chip shortage

Honda has postponed the reopening of a plant in China and manufacturers of consumer electronics are warning of price increases due to the shortage of computer chips.

While prices slipped last month, they’re still significantly higher than before the pandemic — and headed higher.

The semiconductor industry is notoriously cyclical, but the need for chips that power artificial intelligence may be what kicks up demand this time around.

In March, the average new car sold for $171 below asking price, according to Kelley Blue Book. But that’s still higher than before COVID.