"What happened is when Covid hit, everyone thought that the demand was going to decline significantly. [...] All of the manufacturers, like us and car manufacturers, said 'lower demand signals to the providers of semiconductors', they then reduced their capacity and at the same time the demand went up instead," Robbins told BBC.
Robbins also expressed his concerns that the situation has now been exacerbated, because customers for the semiconductors were afraid of placing multiple orders, due to the extremely high demand.