According to the Wall Street Journal website, the chip industry just had its best year ever, driven by a global semiconductor shortage and growing demand. Industry executives expect total sales to double to $1tn in less than a decade. The industry is struggling to keep up with demand for its products, leading to supply shortages and prompting countries to scrutinise chip production, prompting government subsidies and a historic wave of investment, the report said. Global chip sales rose about 25 percent year-on-year to a record $583.5 billion in 2021, with a chronic chip supply shortage expected to boost the semiconductor industry's revenue by 9 percent this year, faster than the historical average, according to U.S. consultancy Gartner