Automotive and industrial companies continue to be confronted by short supply of “legacy nodes” – despite an easing of demand in consumer electronics. Newly passed government funding will have a limited impact in the near term, due to the relatively small budgets, focus on leading edge technology, and long lead times. To overcome this new kind of trouble, semiconductor producers and Tier-1 suppliers will need to manage the building inventories in consumer and digital applications, while automotive and industrial players must manage ongoing shortages of traditional semiconductor chips.