Chips, the basic building blocks of computation, have become integral in everything from smartphones to cars, laptops, PCs, video games and data centers. As the pandemic supercharged the demand for computing, the world faced the worst chip shortage in many years.

Most advanced chips are designed in the US, but only about 12% are manufactured here. Taiwanese chipmaker TSMC (TSM - Free Report) , the world’s largest contract chip manufacturer, accounts for more than 90% of most advanced chips. The company plans to increase prices of most chips by 10% to 20%, per WSJ.

We have also seen an acceleration in the industry consolidation, with Nvidia’s (NVDA - Free Report) plan to acquire chip designer Arm Holdings for about $40 billion and AMD’s (AMD - Free Report) $35 billion deal to purchase Xilinx . Western Digital (WDC - Free Report) is planning to merge with Japan’s Kioxia in a deal exceeding $20 billion.

To learn about iShares PHLX Semiconductor ETF (SOXX - Free Report) , VanEck Vectors Semiconductor ETF (SMH - Free Report) , SPDR S&P Semiconductor ETF (XSD - Free Report) and Invesco PHLX Semiconductor ETF (SOXQ - Free Report) , please watch the short video above.

Infrastructure Stock Boom to Sweep America

A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.

The only question is “Will you get into the right stocks early when their growth potential is greatest?”

Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.

Download FREE: How To Profit From Trillions On Spending For Infrastructure >>