The global shortage of chips and other electronic components has been growing more and more in recent months and today Foxconn has stated that the chip shortages will last until 2022. A lack of foresight has led to a major bottleneck in bringing new products to market. While this is usually fixed in a matter of months, Foxconn says that this time the problem will last until 2022.
Foxconn warns: The chip shortages will last until 2022
Foxconn is essentially the world’s factory for electronics. It supplies companies like Apple, Amazon, Acer, Dell, Google HP, and dozens more. These customers, however, are going to have a hard time this year, as Foxconn’s CEO warns that it will not be able to fulfill some orders due to component shortages.
Nikkei Asia expects this to last at least until the second quarter of next year. They say this will cause them to lose about 10% of the orders they had planned to take. While this is not much, it gives us an idea of what the situation is with the global component shortage and how long it is supposed to last.
Depending on the situation we will see a direct effect on the consumer market. Last year for example Apple delayed the arrival of the iPhone 12 due to the confinement shutdowns that occurred in the spring and summer of 2020. This year we may also see some delay, although this time due to a lack of components.
There is a considerable component crisis and it is a problem that affects everyone. Things may get even more complicated, as Taiwan is running out of water in the midst of a chip crisis due to a drought.
One of the most affected sectors is the automotive industry, although there are also delays in smartphones, computers, and other products. Solutions will come, but not in the short term.