The thing with silicon wafers, especially the smallest processes, is that the supply is quite fundamentally inelastic. The fab's are so incredibly expensive and take so long to build that there's only quite limited scope to adapt/they basically simply refuse to try and match short term demand spikes.
So we get a temporary supply shortage as opposed to over production/huge subsequent sales.
This is my take as well - and there is a huge spike in demand for silicon for things like cars and automobiles. There were some articles out there about how nation states (probably including the US) leaned on TSMC and Samsung, I believe, to reallocate wafers very recently to automotive suppliers due to the importance of automobile manufacturing to a nations economy. I don't think this is at all pandemic dependent but rather a new normal that will persist given the increasing number of chips for everything that is needed, from IoT devices on upwards in the value chain. These items have shorter service lives compared to a number of items they are replacing, imo. I expect that either Sony or MS might already be planning their next console bump, for example. Other items like refrigerators and washers and driers are all absorbing tech as well and I can only imagine where this is all headed.
In any case, there are many industries (automotive, aerospace, medical, super computing) that are likely to get backing from on high to get priority for silicon that will exacerbate the production markets inability to meet consumer demand. All it takes is a little blip on the international stage for Taiwan to even be knocked off kilter for a few days/weeks and the crazy supply chain logistics will make it insane. That's a different thread completely but I think it plays into the fact that Intel will be looking for ways to keep 14nm plus infinity hot, adding to their balance sheet and available to them when it is needed.
And the lowest silicon priority of all, I think, are desktop PCs being sold for $300 to $1k. How long will 14nm be available to buy in a new, name brand PC? 2 years? 3? 5?
(As a CPU, not as a chipset. Even many of those volume chipsets were backported to 22nm recently!)