Ongoing Shortage Of Electronic Components To Last Till Next Year, Warns Apple Supplier Foxconn
Ongoing Shortage Of Electronic Components To Last Till Next Year, Warns Apple Supplier FoxconnFoxconn (Picture Credits-Facebook)

Apple supplier and the world's biggest contract electronics manufacturer Foxconn has claimed that the ongoing global shortage for electronic components will last until at least 2022.

According to Young Liu, Foxconn's CEO, the company won't be able to fulfill some of its orders due to those shortages, which he expects will last until at least the second quarter of next year, Nikkei reports.

"In the first two months of the first quarter, the impact (of the shortage) was not so palpable, but we are gradually seeing that change," Li said.

He also quoted research reports and said the shortage will likely persist until 2022.

Foxconn, which is listed on the Taiwan Stock Exchange under the name Hon Hai Precision Industry, is the world's largest contract electronics manufacturer.

It assembles electronics gadgets and makes components for all of the leading tech brands globally.

Earlier, Foxconn saw slowdowns in manufacturing due to the Covid-19 pandemic, following mandatory government shutdowns and quarantined factory workers, leading to a later-than-usual November launch for Apple's iPhone 12 lineup.

Apple has also reportedly started sending foldable iPhones to its assembly partner Foxconn for testing purposes with a possible release in September 2022.

Testing involves evaluating the use of OLED or Micro-LED display technology, "because the choice of either screen will affect the subsequent assembly methods".

(This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.)

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber