Apple supplier Foxconn admits component shortages may last until 2022 - Android

Over the past year, we’ve seen a dramatic scarcity of graphics cards, next-gen game consoles like PS5 and Xbox, and more. Now, it appears that other electronics are joining the party too.

Foxconn, the biggest contract electronics manufacturer whose main client is Apple, admitted that global chip shortages might last at least until mid-2020. Besides Apple, Foxconn also works with tons of other companies — some are big-name ones — as a components maker.

In an earnings call to its investors, Foxconn CEO Young Liu explained that its supplies in the first two months of the quarter were fine as their clients are “all very big”; however, they’re starting to see changes this month.

The CEO announced that it might not fulfill less than 10% of its orders due to component shortages.

Head of Taiwan research at CLSA Patrick Chen argued that Liu’s comments are quite contradicting since some PC companies already suggested that the situation may be improving.

Via: TweakTown

This article, Apple supplier Foxconn admits component shortages may last until 2022, was originally published at NoypiGeeks | Philippines Technology News, Reviews and How to's.