Not just chips, iron ore just hit a new record high.
Not relevant to cars so much but timber hit a new record too
Copper too just hit a new record high.
With prices ramping up its bound to attract investors into doing unethical/unreasonable stuff to drive prices higher too. We’re about to enter a period of record spending as governments around the world attempt to kick start their economies after Covid so demand for raw materials like Iron ore, copper etc is going to be the highest its been since WW2. On top of that demand for high grade silica for semiconductor markets.