One trend this earning season in the semiconductor industry has sparked

Analysts to wonder if chip companies may be facing a so-called toilet paper moment in the coming months

Chip demand has slowed due to global economic downturn after a year when these companies did everything

Commerce Secretary Gina Raimondo crisply responded, “No, of all the things I worry about, that's not what I worry about.”

Raimondo is currently in the midst of talks with lawmakers to deliver new subsidies to the semiconductor industry

But even as legislation would goose supply closer to the end of the decade, many observers of the industry are more focused on the coming year

Similarly this week, Goldman Sachs cut its 2023 earnings forecast for chipmakers by an average of 20% because of similar concerns

The larger picture is that pretty much every company in the world is now closely linked to the digital economy