The chip shortage is never going to "end" and these prices are the new normal IMO. Even if it does end and there are no more political / logistical issues the companies will never accept less than they are already accustomed to making. The cat is too far out of the bag without some kind of regulation.

edit: domestically produced chinese alternatives is the solution - but I would expect western govts to ban their imports if they got overly competitive like Huawei