Semiconductor shortage to affect industry for ‘another year’
Flex, one of the world’s largest electronics manufacturers, has said that the global semiconductor and chip shortage will impact the car, medical devices and consumer electronics industries for at least another year.
The Singapore-based electronics company says the industry has been “overwhelmed” by sharp, lockdown-driven increases in the sales of consumer electronics. With more than 100 sites across 30 countries, Flex manufactures electronics for companies including Ford, Dyson, Ocado and HP.
Lynn Torrel, Flex’s chief procurement and supply chain officer, said to the Financial Times, “With such strong demand, the expectation is mid to late-2022 depending on the commodity. Some are expecting [shortages to continue] into 2023.”