iPhone assembler Foxconn warns chip shortages could extend to Q2 2022What you need to know
Foxconn Chairman Young Liu says the current chip shortage could last for a year.
It isn't thought that things will improve before the second quarter of 2022.
And Apple isn't immune.
Apple manufacturing partner Foxconn reported its quarterly numbers recently and while the company boasted bumper profits, it isn't all good news. In fact, the worldwide chip shortage that is currently causing manufacturing problems for just about everyone could extend into Q2 2022.
That's according to Foxconn Chairman Young Liu via a Bloomberg report published earlier today.
"Component shortages in the second quarter will be more severe than the first quarter," Chairman Young Liu said on a conference call. He reiterated previous comments that shortages may persist until the second quarter of 2022 and that the impact on its businesses won't exceed 10%.
Things have gotten so bad that Foxconn is warning that some parts now have a lead time of a full year, with semiconductors...
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iPhone assembler Foxconn warns chip shortages could extend to Q2 2022
