If you ignore the usual Linus YouTube antics, I think he did a good job describing the silicon situation.
https://youtu.be/3A4yk-P5ukY
My dads been a PCB designer in Silicon Valley for 30 years. Hasn’t seen supply constrictions like this before.
The weirdest thing to me is how much this is impacting the automotive industry. You don’t normally think of them as silicon consumers, but every damn thing in a car these days is CPU controlled.