TSMC accounts for what I believe is 50% of the market for circuit fabrication. All the customers who rely on chip design companies (AMD, Nvidia, arm, qualcomm, foxconn etc) are companies who also rely on TSMC. It's logistical chain bottleneck. The suppliers who give the resources and materials to TSMC can only do so much and TSMC is at maximum capacity.
It just shows the world Taiwan has created a mini monopoly on circuits. This is why Intel is having less issues. They own their own stuff. It's recently been brought up in US government to start investing in a full movement towards american owned and worked fab sites that produce and design stuff. Because if China gets more aggressive over Taiwan then much of the world loses access to products which is obviously a bad thing in the modern age.
I believe EU is also embarking on a similar campaign if I remember correctly. Regardless EU and the US need to start ramping up on this to avoid this in the future.