The news: Chip delivery times remain lengthy as component shortages continue. Meanwhile, chip inventories in certain markets are exceeding demand, per the Taipei Times.
No end in sight: The chip shortage was expected to turn the corner in late 2022 and early 2023, but global scarcity was compounded by geopolitical strife.
The supply chain is out of whack: The lack of diversification and slow adjustments in the chip sector are taking their toll and could lead to a period of imbalance for supply chains.
A year too late: None of these new chip factories is expected to contribute to global supplies until they go online in 2024. Until then, supply chain scarcity will continue drive up product pricing.
This article originally appeared in Insider Intelligence's Connectivity & Tech Briefing—a daily recap of top stories reshaping the technology industry. Subscribe to have more hard-hitting takeaways delivered to your inbox daily.
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