Much has indeed been made of the global chip shortage which has been going on for quite some time now. Indeed the wait times for companies looking for chips has now risen even further – and the mess has been there for more than a year now, all courtesy of the covd situation that has presented itself. At this current moment in time, the industry has actually been slapped with a record 21 weeks lead time, and by the looks of it, things will not be getting better anytime soon. All in all, this is perhaps the biggest indication that the global chip shortage issue is worsening more and more over time.

Of course this chip shortage has gone on to affect various industries all across the globe. Lack of chips has led to carmakers eventually halting production, while the growth which was expected of the electronics industry has also gone through major shock waves.

Also Read: Could the Chip Shortage go on for years?

This has gone on to mark a lead time rise of six days over July of this year. In layman’s terms, the gap which exists between companies actually placing an order and then receiving delivery has been on the rise. Back in July, wait times hit a record breaking 18 weeks. And right now, the gap represents the longest times ever since the firm took upon itself to track semiconductors since that of 2017.

Moreover, the firm has also found that the lead times for both analog as well as Broadcom chips have also been subject to getting worse over time however, fortunately enough though, both power management chips as well as certain optoelectronic components have actually ended up seeing rather positive trends in the more recent times. Notably, the shortages witnessed with respect to these semiconductors have also had a major impact on the recovery from the covd-19 pandemic. This especially holds true when you take into account the automobile industry, as reports now actually suggest that the automobile industry might end up losing around $110 billion in sales due to this shortage.

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