Global chip shortage hits all-time high with a wait time of 21 weeks

It's probably common knowledge by now that there is a severe chip shortage worldwide, which affects not only the smartphone industry, but also other fields as well. The automotive industry is probably the one that suffers the most with analysts predicting a $110 billion loss in sales across the whole sector.

According to a report from Susquehanna Financial Group, the global chip shortage has gotten worse since July when the wait time was about 6 days shorter than it is now. The gap between the companies placing orders for semiconductors and actually receiving them has hit 21 weeks - the longest wait time since the firm started researching the market in 2017.

The wait time for analog and Broadcom chips has also gotten worse whereas power management chips and other optoelectronics hardware are arriving sooner. The chip shortage is seemingly having a huge impact on the recovery from the pandemic.

Via