The global chip shortage is continuing to get worse, with firms dependent on new chips seeing delays in production and delivery lengthen to over a year, and in some cases until 2024.The global semiconductor shortage has caused issues for many companies around the world, with slow chip deliveries impacting the ability for vendors to finish products and to complete orders. As the crisis rolls on, companies are seeing the delays stretch further into the future.In the case of utility monitoring firm PowerX, an order for chips placed in May was originally expected to be delivered by the summer, but was then delayed to the fall, then winter, and is now not expected to arrive until May 2022, according to the Wall Street Journal. PowerX isn’t alone, as Princeps Electronics operations director Ian Walker said some new orders from buyers had delivery dates in 2024. Read more…
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