Hello, Ian here. U.S. President Joe Biden and other politicians have recently expressed alarm over a shortage of semiconductors. But right now, many of the smartest people in the chip world are worried about something else: a coming glut.
Wall Street is peppering chip CEOs with questions about rising lead times and double ordering. I'll explain these terms in a moment, but the overall message is clear: While there have been some shortages lately, supply could overshoot longer term.
