Increased chip demand is being driven by better-than-expected orders for all types of electronics, from next generation smartphones to electric vehicles. Memory and certain logic chips are in tight supply. In a few semiconductor product groups, unit sales are significantly up with ASPs declining, signaling some inventory build-up. At the same time, semiconductor manufacturers are making production adjustments in order to return to previous output levels. However, some OEMs are also double ordering certain products which makes the situation appear worse than it really is.
