Dan Rozycki, the president of a small engineering firm, worries about what a global semiconductor shortage could mean for curing concrete.
Mr. Rozycki’s company, Transtec Group in Austin, Texas, sells small sensors that are placed where concrete is poured at building, highway and bridge construction sites. The gadgets take temperature readings and wirelessly send data so workers with computers can ensure the material is hardening properly.
Like many other things in the modern world, from computers and cars to cash registers and kitchen appliances, the sensors require a couple of common, inexpensive semiconductors that have suddenly become a very scarce commodity.
“Every month our product is getting more popular,” Mr. Rozycki said. “But we may not be able to make it in several months.”
Shortages of semiconductors, fueled by pandemic interruptions and production issues at multibillion-dollar chip factories, have sent shock waves through the economy. Questions about chips are reverberating among both businesses and policymakers trying to navigate the world’s dependence on the small components.
Chip supply limitations are far from a new phenomenon. But past problems have typically concerned particular kinds of chips, like the types that help store computer memory or process vast amounts of data. This time, customers are also scrambling to find an array of simpler chips made in older factories. And those factories are difficult to upgrade.
ordered a 100-day review of the semiconductor supply chain, a process that drew chief executives of 19 big companies to a virtual meeting Monday. Congress has backed legislation aimed at spurring more domestic chip manufacturing to reduce dependence on Taiwan and South Korea, which Mr. Biden has proposed funding with $50 billion in his infrastructure plan.
Most attention has focused on temporary closings of big U.S. car plants. But the problem is affecting many other sectors, particularly the server systems and PCs used to deliver and consume internet services that became crucial during the pandemic.
Pat Gelsinger, the new chief executive of the chip maker Intel, who attended the meeting with the president on Monday. “People are begging us for more.”
The chip shortage potentially affects just about any company adding communications or computing features to products. Many examples were described in 90 comments filed to the Biden supply chain review by companies and trade groups, including a laundry list of needs from industry giants like Amazon and Boeing.
The personal computer giant HP said the shortage of semiconductors had prevented the company from being able to meet demand for computers ordered by schools. Rising chip prices also have made it harder to offer affordable hardware for less-wealthy school districts during the pandemic, the company said.
Mr. Rozycki’s engineering firm in Austin is for now among the lucky chip users. It planned ahead and has enough chips to keep making the roughly 50,000 sensors it supplies each year to construction sites. But his distributor has warned him it might not be able to deliver more of them until late 2022, he said.
“Is that going to halt those projects?” Mr. Rozycki asked. He is scouring the market for other distributors that might have the two needed chips in stock. Other possibilities include redesigning the sensors to use different chips.
drought in Taiwan and a cold snap in Texas that temporarily shut down factories operated by Samsung Electronics, NXP Semiconductors and Infineon.
“It’s hell on earth right now,” said Frank McKay, chief procurement officer at Jabil, which buys billions of dollars’ worth of chips each year to assemble products for customers that include Apple, Amazon, Cisco Systems and Tesla.
On any given day, he said, his company is facing shortages of 100 or so components and has to use all its negotiating power to get them — successfully so far. “But it’s a roller-coaster ride every day,” Mr. McKay said.
Fixing other issues is likely to stretch into 2022. Mr. Gelsinger said Intel was talking to auto industry suppliers about shifting some production of their chips to older Intel factories, possibly starting in six to nine months. But adding new production tools to an existing chip plant can take a year. Building a new one takes three years.
“This is going to be a long healing,” said Thomas Caulfield, chief executive of GlobalFoundries, a big U.S. chip manufacturer that is doubling capital spending this year so it can meet demand.
For now, chip delivery schedules have stretched from around 12 weeks to more than a year in some cases, chip buyers and brokers said. That is bad news for companies like the webcam start-up Wyze Labs.
“We’re going to be straight up with you about some bad news we got this week,” the company wrote in a note to customers in January. “Some of our key suppliers informed us they would only be able to supply about one-third of the chips we need to make Wyze Cams.”
The company, which is based in Kirkland, Wash., predicted problems stocking the third version of its flagship webcam. The company website says it is sold out, with more inventory expected in one to two weeks. Wyze did not respond to requests for additional comment.
Supply problems can be a touchy topic, said Zach Supalla, chief executive of Particle, a San Francisco company that buys chips to make communication and computing equipment. It sells its devices to thousands of companies that make products like hot tubs, air-conditioners and industrial and medical equipment.
Particle has so far has secured enough chips to keep making its products, he said. But the company is asking customers to order further and further in advance to ensure it can meet demand, Mr. Supalla said.
When chips can be found, price markups can be stark. One particularly unglamorous widget, a type of ceramic capacitor that ordinarily sells for around 3 cents each, became hard to findwhen a Covid-19 outbreak temporarily closed a factory in China.
The capacitor shortage hurt production of a popular cellular modem. That modem, which normally sells for $10 to $20, spiraled to $200 on the spot market, Mr. Supalla said. Customers like car companies may be willing to pay such sums to keep producing $40,000 cars, Mr. Supalla said. But not all can.
Some buyers suspect profiteering. Jens Gamperl, chief executive of an online components exchange called Sourcengine, recounted a call from an executive who fumed that a chip normally priced at $1 each was listed for sale by the exchange at $32. Mr. Gamperl had to explain that his own company had been forced to pay $28 for the component.
“That is the kind of craziness that we see left and right now,” he said.
Besides the direct effect on hardware makers, chip shortages can reduce shipments and raise the cost of servers and networking equipment to offer services like streaming entertainment, remote learning and medicine. They can also affect software makers.
Tripp, a Los Angeles start-up that makes a kind of meditation app that exploits virtual-reality headsets from Sony and others, was banking on the new PlayStation 5 to lift software demand, said Nanea Reeves, Tripp’s chief executive. But chip shortages helped to hobble that console launch.
“We were expecting a bigger bump from the PS5,” she said. The company is hoping more consoles arrive in the second quarter.
SAN FRANCISCO — Digital currency, once mocked as a tool for criminals and reckless speculators, is sliding into the mainstream.
Traditional banks are helping investors put their money into cryptocurrency funds. Companies like Tesla and Square are hoarding Bitcoin. And celebrities are leading the way in a digital-art spending spree using a technology called an NFT.
On Wednesday, digital or cryptocurrencies will take their biggest step yet toward wider acceptance when Coinbase, a start-up that allows people to buy and sell cryptocurrencies, goes public on Nasdaq. Coinbase shares received a reference price of $250 each on Tuesday evening, which would value the company at $65 billion based on all its outstanding shares.
Call it crypto’s coming-out party. Coinbase, founded in San Francisco, is the first major cryptocurrency start-up to go public on a U.S. stock market. It is doing so at a valuation that tops that of Capital One Financial Corporation or Moody’s, the ratings agency.
plan to “create an open financial system for the world” and “increase economic freedom.”
But so far, cryptocurrency is mostly a vehicle for financial speculation and trading. Few people want to use Bitcoin for everyday purchases like coffee because its price is so volatile. Many early buyers have become wildly rich by simply holding their crypto or “buying the dip” when prices fall. Others ruefully relay tales of the sushi dinner they bought with Bitcoin years ago that would be worth $200,000 today or the million-dollar pizza.
Coinbase eases that trading by acting as a central exchange. Before it and similar services were created, people had to set up their own digital wallets and wire money.
“Can it be anything more than an asset class?” Mr. Tusk asked. “That’s still very much up in the air.”
Silk Road, a marketplace for buying and selling drugs and weapons with Bitcoin until the federal authorities shut it down, and Mt. Gox, a crypto exchange that collapsed under accusations of theft and embezzlement, further tarnished the young industry.
Coinbase tried to change that. The company joined Y Combinator, a prestigious start-up program, and raised money from top venture capital firms including Union Square Ventures and Andreessen Horowitz.
Mr. Armstrong was one of the few people in the industry who seemed prepared to comply with inevitable regulations, rather than cut corners to avoid them, said Nick Tomaino, who dropped out of business school to join Coinbase in 2013.
Coinbase also persuaded well-known retailers to accept Bitcoin. “It was good for credibility when people saw you could actually use a Bitcoin to buy a mattress at Overstock,” Mr. Tomaino, who left in 2016, said. Coinbase earned money on transaction fees.
But Bitcoin’s wildly volatile price and a slow computer network that managed it made transactions difficult, and people began to see the currency as an investment. In 2015, Ethereum, a cryptocurrency network with more tech abilities, was introduced, enticing enthusiasts to build companies and funds around the technology.
Soon after, a flood of “initial coin offerings,” where companies sold tokens on the promise of the technology they planned to build, created a new boom in cryptocurrency trading. But it quickly deflated after many projects were found to be frauds andU.S. regulators deemed the offerings to be securities, requiring that they comply with financial rules.
Tesla to buy $1.5 billion worth of Bitcoin and the payments company Square to spend $170 million. In March, Morgan Stanley began offering its wealthy clients access to three Bitcoin funds, and Goldman announced that it would soon offer similar access. The mayor of Miami has proposed that the city accept tax payments in Bitcoin and invest city funds in the asset.
The stock trading app Robinhood announced that 9.5 million of its customers had traded cryptocurrency in the first three months of the year — up more than fivefold from the previous three months. Venture funding for crypto-related start-ups surged to its highest-ever level in the first quarter to $3 billion, according to PitchBook.
PayPal recently added a crypto trading and shopping feature for its customers in the United States. The company was motivated by consumer interest and advances in the technology that made transactions faster. It plans to quickly expand the offering to customers around the world.
“It feels like the time is right,” said Jose Fernandez da Ponte, head of PayPal’s blockchain, crypto and digital currencies group. “We think this has the potential to revolutionize payments and financial systems in general.”
Still, the so-called revolution faces some challenges. Coinbase has sometimes struggled to keep up with demand, with some customers who lost access to their accounts complaining that the company has been unresponsive. It has also received criticism for its treatment of female and Black employees.
Treasury Secretary Janet L. Yellen has threatened harsher regulation of the currencies, including limiting their use.
And a big drop in prices could again send speculators fleeing. In its financial prospectus, Coinbase warned that its business results would fluctuate with the volatility of crypto assets, “many of which are unpredictable and in certain instances are outside of our control.”
The industry’s biggest issue — fulfilling the promise that the technology is more than just a place to park money — could take another decade to play out.
“There’s no doubt we’re in the latest boom, and I don’t know if that’s going to turn tomorrow or two years from now,” Mr. Tomaino said. “But the busts and booms are always higher than the last.”
Anyone who joined a video call during the pandemic probably has a global volunteer organization called the Internet Engineering Task Force to thank for making the technology work.
The group, which helped create the technical foundations of the internet, designed the language that allows most video to run smoothly online. It made it possible for someone with a Gmail account to communicate with a friend who uses Yahoo, and for shoppers to safely enter their credit card information on e-commerce sites.
Now the organization is tackling an even thornier issue: getting rid of computer engineering terms that evoke racist history, like “master” and “slave” and “whitelist” and “blacklist.”
But what started as an earnest proposal has stalled as members of the task force have debated the history of slavery and the prevalence of racism in tech. Some companies and tech organizations have forged ahead anyway, raising the possibility that important technical terms will have different meanings to different people — a troubling proposition for an engineering world that needs broad agreement so technologies work together.
Black Lives Matter protests, engineers at social media platforms, coding groups and international standards bodies re-examined their code and asked themselves: Was it racist? Some of their databases were called “masters” and were surrounded by “slaves,” which received information from the masters and answered queries on their behalf, preventing them from being overwhelmed. Others used “whitelists” and “blacklists” to filter content.
statement about the draft from Ms. Knodel and Mr. ten Oever. “Exclusionary language is harmful,” it said.
A month later, two alternative proposals emerged. One came from Keith Moore, an I.E.T.F. contributor who initially backed Ms. Knodel’s draft before creating his own. His cautioned that fighting over language could bottleneck the group’s work and argued for minimizing disruption.
The other came from Bron Gondwana, the chief executive of the email company Fastmail, who said he had been motivated by the acid debate on the mailing list.
“I could see that there was no way we would reach a happy consensus,” he said. “So I tried to thread the needle.”
Mr. Gondwana suggested that the group should follow the tech industry’s example and avoid terms that would distract from technical advances.
Last month, the task force said it would create a new group to consider the three drafts and decide how to proceed, and members involved in the discussion appeared to favor Mr. Gondwana’s approach. Lars Eggert, the organization’s chair and the technical director for networking at the company NetApp, said he hoped guidance on terminology would be issued by the end of the year.
MySQL, a type of database software, chose “source” and “replica” as replacements for “master” and “slave.” GitHub, the code repository owned by Microsoft, opted for “main” instead of “master.”
terms after Regynald Augustin, an engineer at the company, came across the word “slave” in Twitter’s code and advocated change.
But while the industry abandons objectionable terms, there is no consensus about which new words to use. Without guidance from the Internet Engineering Task Force or another standards body, engineers decide on their own. The World Wide Web Consortium, which sets guidelines for the web, updated its style guide last summer to “strongly encourage” members to avoid terms like “master” and “slave,” and the IEEE, an organization that sets standards for chips and other computing hardware, is weighing a similar change.
Other tech workers are trying to solve the problem by forming a clearinghouse for ideas about changing language. That effort, the Inclusive Naming Initiative, aims to provide guidance to standards bodies and companies that want to change their terminology but don’t know where to begin. The group got together while working on an open-source software project, Kubernetes, which like the I.E.T.F. accepts contributions from volunteers. Like many others in tech, it began the debate over terminology last summer.
“We saw this blank space,” said Priyanka Sharma, the general manager of the Cloud Native Computing Foundation, a nonprofit that manages Kubernetes. Ms. Sharma worked with several other Kubernetes contributors, including Stephen Augustus and Celeste Horgan, to create a rubric that suggests alternative words and guides people through the process of making changes without causing systems to break. Several major tech companies, including IBM and Cisco, have signed on to follow the guidance.
email to task force participants, while a third remained up.
“We build consensus the hard way, so to speak, but in the end the consensus is usually stronger because people feel their opinions were reflected,” Mr. Eggert said. “I wish we could be faster, but on topics like this one that are controversial, it’s better to be slower.”
Ant Group, the online finance affiliate of the Chinese e-commerce giant Alibaba, announced a sweeping overhaul of its business on Monday in response to demands from China’s government, which is moving swiftly to curb the power of the country’s internet giants.
Beijing’s campaign has taken the corporate empire of Jack Ma, Alibaba’s billionaire co-founder and Ant’s controlling shareholder, as an early major target. On Saturday, China’s antitrust authority fined Alibaba $2.8 billion for abusing its dominance in digital retail — a record amount for violations of the country’s antimonopoly law.
As part of what both Ant Group and Chinese officials called a “rectification plan,” the company on Monday said it would apply to set up as a financial holding company, which would bring closer supervision and requirements that it hold onto more money that it might otherwise lend or put to profitable use.
Ant also said it would change the way it collects and uses personal information to improve data security and prevent abuse. And it said it would improve corporate governance to better adhere to rules about fair competition.
said in a statement. “Using the rectification as an opportunity, Ant Group will reinforce our commitment to serve consumers, small businesses and the real economy.”
Chinese officials forced Ant to call off its blockbuster initial public offering last November, mere days before its shares had been expected to debut. A month later, regulators ordered Ant to correct what they called a litany of failings in its business, which includes a range of financial services, from payments to credit, that are offered through its Alipay app.
Alipay’s user base of more than 700 million people in China gives Ant huge sway within the country’s financial system.
China first said last September that companies owning two or more financial businesses would have to register as financial holding companies and be subject to increased government oversight. In a news briefing at the time, an official at China’s central bank named Ant as one of several companies that would likely have to restructure under the new rules.
The aim, officials said, is to better monitor systemic risks that have arisen as more nonfinancial companies have “blindly” entered the financial industry.
In a study by the RAND Corporation, “Remote Learning Is Here to Stay,” 58 out of 288 district administrators — roughly 20 percent — said their school system had already started an online school, was planning to start one or was considering doing so as a postpandemic offering.
“This is hardly a panacea or a silver bullet for public schooling,” said Heather Schwartz, a senior policy researcher at RAND who directed the study. But, she added, “there is a minority of parents, a minority of students and even a minority of teachers for whom virtual schooling is the preferred mode.”
Yet a surge of online schools comes with risks. It could normalize remote learning approaches that have had poor results for many students, education researchers said. It could also further divide a fragile national education system, especially when many Asian, Black and Latino families have been wary of sending their children back to school this year.
“My fear is that it will lead to further fracturing and fragmentation,” said Jack Schneider, an assistant professor of education at the University of Massachusetts, Lowell.
Districts said they were simply responding to demand from parents and children who want to stick with remote learning — some because of student health issues, some because of concerns about bullying or discrimination in their school, and some who just prefer the convenience of learning at home.
Districts that fail to start online schools could lose students — along with government education funding — to virtual academies run by neighboring districts, companies or nonprofits, administrators said. To pay for the new online offerings, some districts said, they are using federal coronavirus relief funds orshifting resources from other programs.
Online schools began opening in the 1990s, some run by states or districts and others by private companies or nonprofit charter management organizations. But until recently, they played a niche role in many states.
Additionally, remember that any message you share, even with close family members, will be amplified to your entire online community. (The tension may also be amplified around vaccines, health measures and the stress of a not-normal year.) If you are replying to your sister online about something, that doesn’t mean you can speak to her as harshly as you might privately.Ms. Gottsman advises taking a heated family debate offline.
“Don’t start a family feud on social media,” Ms. Gottsman said. “It can affect the next family holiday.”
If you are soliciting donations for a particular cause or charity, or asking for money to pay someone’s rent or medical bills with a GoFundMe campaign, recognize that the financial situations of many people have changed this past year and there may be many other appeals compared to times past. Skip shaming phrases, like “How can you not help this person?” Instead, Ms. Gottsman said, use ones like “If your heart moves you, I’m sharing this.”
Consider your audience.
Think less vigilance is needed, because your text group is small or your settings have been changed to private? Think again. When Heidi Cruz, the wife of Senator Ted Cruz of Texas, shared her family’s plans to flee a devastating winter storm in Texas for a vacation in Mexico, she texted only a small group of neighbors and friends. Screenshots of the messages ended up with journalists. Elaine Swann, an etiquette expert and founder of the School of Protocol in Carlsbad, Calif., points out that it wasn’t just one person who shared the chat with The New York Times; there were others who confirmed it.
“Even if you think it’s just your inner circle, there’s always somebody there who isn’t 100 percent on your team,” she said. “That’s the person who takes the screenshot before you delete whatever it is.”
Ban body-size talk.
Posting about food and fitness may be even more tempting than usual, given that a lot of people have changed what they eat and how much they exercise during the pandemic. But confine your commentary to how these lifestyle changes make you feel, not how they make you look. Among other things, not all people have had the luxury of more time to exercise during the pandemic — or if they did, they might not have had the energy to do so.
Dr. Lindsay Kite is a founder of Beauty Redefined, a nonprofit that promotes body image resilience, and an author of “More Than a Body.” She noted that your “before” photo — talking about how fat you look — may be someone else’s “after.”
China on Saturday said it was imposing a record $2.8 billion fine on the e-commerce titan Alibaba for monopolistic business practices, the government’s toughest action to date in its campaign to regulate the country’s internet giants more closely.
Beijing’s market watchdog began investigating Alibaba in December for potential antitrust violations including preventing merchants from selling their goods on other shopping platforms. On Saturday, the regulator said its investigation had concluded that Alibaba had hindered competition in online retail in China, affected innovation in the internet economy and harmed consumers’ interests.
The fine on Alibaba, one of China’s most valuable private companies, exceeds the $975 million antitrust penalty that the Chinese government imposed on Qualcomm, the American chip giant, in 2015. Even so, it is unlikely to leave a substantial dent on Alibaba’s fortunes. The regulator said the fine represented 4 percent of Alibaba’s domestic sales in 2019. The group reported profits of more than $12 billion in the last three months of 2020 alone.
Alibaba said in a statement that it would accept the penalty “sincerely” and would strengthen its internal systems “to better carry out its social responsibilities.”
proposed updating the country’s antimonopoly law with a new provision for large internet platforms such as Alibaba’s. In November, officials halted the plans of Alibaba’s sister company, the finance-focused Ant Group, to go public and tightened oversight of internet finance.
In December, it opened the antimonopoly investigation into Alibaba — a startling turn in the fortunes of Jack Ma, Alibaba’s co-founder, whom people in China had long held up as an icon of entrepreneurial pluck.
Skepticism about the clout of large internet companies has been on the rise in the United States and Europe, too. Western regulators have repeatedly fined Goliaths such as Google in recent years for various antitrust violations. But such penalties generally have not changed the nature of the companies’ businesses enough to mitigate concerns about their power.
The vote could lead to a rethinking of strategy inside the labor movement.
For years, union organizers have tried to leverage growing concerns about low-wage workers to break into Amazon. The Retail, Wholesale and Department Store Union had organized around critical themes of supporting Black essential workers in the pandemic. The union had estimated that 85 percent of the workers at the Bessemer warehouse were Black.
The inability to organize the warehouse also follows decades of unsuccessful and costly attempts to form unions at Walmart, the only American company that employs more people than Amazon. The repeated failures at two huge companies may push labor organizers to focus more on backing national policies, such as a higher federal minimum wage, than unionizing individual workplaces.
Democrats in Washington, who put their full weight behind the union effort, said the loss showed that they needed to push for changes to labor and antitrust laws. The House of Representatives passed an expansion of worker protections this year, but it is unlikely to be approved in the Senate.
“Workers cannot organize to scale in America absent labor law reform, full stop,” Representative Andy Levin of Michigan, who had visited Bessemer, said in an interview.
The Amazon warehouse, on the outskirts of Birmingham, opened a year ago, just as the pandemic took hold. It was part of a major expansion at the company that accelerated during the pandemic. Last year, Amazon grew by more than 400,000 employees in the United States, where it now has almost a million workers. Warehouse workers typically assemble and box up orders of items for customers.
The unionization effort came together quickly, especially for one aimed at such a large target. A small group of workers at the building in Bessemer approached the local branch of the retail workers’ union last summer. They were frustrated with how Amazon constantly monitored every second of their workday through technology and felt that their managers were not willing to listen to their complaints.
Organizers appeared to have strong support early on, getting at least 2,000 workers to sign cards saying they wanted an election, enough for the National Labor Relations Board, which conducts union elections, to approve a vote.
Is his art real, I asked? He said he provides his buyers with physical screens with his works on them, so that’s kind of real, maybe.
Then he held up his phone and showed me an app that summarized his personal financial assets: At that moment, they included $56,635,781.41 in cash. He had received his payment in cryptocurrency, and immediately converted it into what I still think of as real money. The digital artist had transformed most of his new wealth into something I could understand: U.S. dollars.
But those dollars on his screen are a digital representation, too! “It’s not like I have 56 million dollar bills in my house,” he said, waving his hands to show the lack of stacks of bills. “I just have a number; you and I know this number is as real as anything else.”
In the world of modern art, it’s common for people to look at an abstract piece and say, “My kid could do that!” But, he said, “I’m pretty sure a kid couldn’t do what I do,” and showed me one of his pieces. It depicted a big sphere, and the image also contained a mountain and, by the way, a goat, among other elements, that he used digital trickery to manipulate, resize and juggle. The process was playful, but it also had something more, a guiding sensibility. Something that felt like — I might as well say it — art.
Besides, he asked me, what’s the inherent value of a baseball card? “You paid this much money for a little piece of cardboard?” he asked. “Even a painting. It’s just a piece of stretched fabric with some splotches of paint on it. Why would you pay for that?”
Did I mention that an NFT of a cat with a Pop-Tart body that leaves a trail of rainbows recently sold for nearly $600,000?
He had me wondering whether anything is real, and whether we’re not all just living in a consensual illusion.
PORTLAND, Ore. — Under the rear hood of Chris Steinbacher’s Lamborghini Huracán sits a Chevy engine. Sure, it’s a twin turbo, and, yes, it pumps a menacing 900 horsepower to the wheels, but the pedigree is Detroit, not Italy. And the rest of the car was basically put together in Portland.
Lamborghini purists may want to cover their eyes now.
The left-for-dead Lambo is one of Mr. Steinbacher’s salvaged supercars. He bought it — what was left of it, anyway, after a fire burned it nearly in two — for $40,000, and it was delivered via forklift. (A new Huracán can approach $300,000, and Mr. Steinbacher’s now-tricked-out 2016 model hovers in that same stratosphere.) Parts for this resurrection cost about $50,000, a discounted total that he kept down with the help of sponsors on his YouTube channel, B Is for Build, which has close to 1.5 million subscribers.
Flooded Ferraris and mangled McLarens are easily found on auction sites like Copart and Impact Auto Auctions. Most people playing in this realm work strictly with cash, Mr. Steinbacher said, although financing can sometimes be arranged. What happens after your wreck rolls off the delivery trailer is far more complicated, but with more money and dedication, a dream car may be within reach.
supercars at a small fraction of the used market price, Mr. Steinbacher was “kind of hooked,” he said. He started to buy totaled cars and fixed them up in his backyard.
Fixing cracked-up cars isn’t easy “unless you’re one hell of a gambler,” Mr. Steinbacher said. “The hunting part isn’t hard — anyone can Google around and find salvaged-car auction sites and find supercars on there.” Most times the car will require a shipment, however, and you might not see it in person, let alone get a test drive.
“You’ve got six to 10 pictures to try and assess the extent of the damage and how much it’s going to cost to fix,” he said.
This is a skill that can take years and many mistakes to master. “Eventually I turned a camera on to track my progress,” he said, “and started posting it on YouTube.”
Rich Rebuilds. A computer science major in college, Mr. Benoit “kept working my way up to Teslas, Audis and now the BMW i8,” he said.
“Supercar is a funny word,” Mr. Benoit added. “I’ve built many high-end cars, like Teslas, Audi RS7s, but the i8 is my first ‘supercar’ per se.” All have been built in his family’s garage. His personal favorite retrofit? Swapping a V-8 engine into a Tesla.
Tommy’s Window Tinting.
Specialty Equipment Market Association show, known widely as SEMA.
LS Chevy V-8 engine and transmission swap, twin turbos and a custom carbon-fiber body rounded out his one-of-a-kind Lambo.
To Mr. Steinbacher’s knowledge, no one had fashioned a manual-transmission Huracán before. Much less one that once looked as if it had hung over a campfire like a singed marshmallow.
His next vision is to take a donated 2016 Huracán chassis and build it into a full-blown Mint 400 off-road racecar, “turning it into a purpose-built endurance desert racer,” he said.