Yeah, it's more than just a chip shortage, and it's effecting more than just the auto industry. I'm in the industrial equipment segment, and we can not get microprocessors, capacitors, printed circuit boards, even transformers and contactors. The global electronics supply base it still a long way from recovery and meeting demand capacity. Our current backlog is the largest it's ever been. Not because of production capacity at our facilities, but it's completely down to availability of electrical components.

Trust me, manufacturers across all segments aren't crafty enough to conspire to cut production to this degree, and no one would rather turn customers away than sell them a product. There isn't a business out there that can raise prices enough to make up for the lost revenues from these shortages.