Global Chip Shortage 'Is Far From Over' as Wait Times Get Longer

[mahatmakanejeeves]

The chip shortage is worsening, with wait times lengthening and buyers hoarding products. Delivery dates in 2024 aren't unusual.

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Apple escaped the worst of the global chip shortage earlier this year. That's no longer the case, as the crisis has gotten worse for buyers everywhere.

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TECH

Global Chip Shortage ‘Is Far From Over’ as Wait Times Get Longer

Nearly a year into the crisis, some customers are finding it is taking months more than expected to get needed parts

By Stephanie Yang in Taipei and Jiyoung Sohn in Seoul
https://twitter.com/stephanieayang
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https://twitter.com/jiyoungjsohn
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Updated Oct. 29, 2021 12:09 am ET

Almost a year into a global chip shortage, the problems are increasing for many customers as delays get even longer and sales are lost.

Manuel Schoenfeld placed an order in May for transmission chips for the utility-monitoring devices made by his New York-based company PowerX. He was told the chips would arrive by summer, then fall, then winter and now doesn’t expect to get them until May 2022.

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