When COVID-19 hit the world, no one knew that a crisis like the global chip shortage would emerge and continue to linger. According to iPhone maker Foxconn, almost every technology company is facing production difficulties because of chip shortages, and what’s worse is that the crisis could continue until the second half of 2022.
On a conference call, Foxconn Chairman Liu Young-way said that it is cautious about its revenue outlook because of uncertainties surrounding the coronavirus pandemic, inflation, geopolitical tensions and supply chains. (through Reuters). The company expects fourth-quarter total revenue to fall between 3% and 15%.
Last month, Intel CEO Pat Gelsinger also warning that shortages could last until 2023.
The global chip shortage has hit the smartphone industry hard. One of the reasons why Samsung has to delay The launch of the Galaxy S21 FE is the chip crisis. It also affects the production of the iPhone 13 as well as other Apple products. To mitigate the impact of global chip shortages on iPhone 13 production, the Cupertino tech giant has reported allocate some iPad components for use in its latest iPhone models.
Meanwhile, the Biden administration has discouraged Intel’s plan to increase chip production in China due to security concerns. Another reason behind this move could be that the US government wants manufacturers to produce essential ingredients domestically (through The Verge).
https://mspoweruser.com/global-chip-shortage-continue-second-half-of-2022/ | Global chip shortages could continue to plague phone makers until the second half of 2022