Intel Corp’s (INTC.O) CEO said on Monday it could take several years for a global shortage of semiconductors to be resolved, a problem that has shuttered some auto production lines and is also being felt in other areas, including consumer electronics.
Pat Gelsinger told a virtual session of the Computex trade show in Taipei that the work-and-study-from-home trend during the COVID-19 pandemic had led to a "cycle of explosive growth in semiconductors" that has placed huge strain on global supply chains.
"But while the industry has taken steps to address near term constraints it could still take a couple of years for the ecosystem to address shortages of foundry capacity, substrates and components."
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I am directly impacted by this, and it’s especially affecting medium-sized businesses, where you can’t get by with just one or two of something, and it’s not just computer CPUs, it’s almost everything in a modern device.
The hole it puts us in is we either wait out the lead-times (27-48 weeks for some components) and produce nothing in the mean time, or take the time and money to redesign a product, which may take longer than waiting it out. For some stuff there are workarounds, but when you’ve built a product around a certain processor with specific features, the options are really limited, and that’s if something was even available as a viable replacement.
It’s a pretty frustrating time.
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The only one you can get is a 7 year old card right now(710). I had to get some office computers, and ended up using onboard video because it's impossible to find anything. Even processors were a bit of "ok, what is in stock, and which motherboard works with it, also in stock..."
Economists say these shortages are playing a big part in rising inflation too.
Hopefully this will serve a corrective to the concentration of semiconductors by a handful of companies in a handful of countries. We can’t surrender the production of these sorts of crucial resources to the logic of global markets.
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If this day gets you riled up, you obviously aren't numb to the disappointment yet to be a real fan.
The only one you can get is a 7 year old card right now(710). I had to get some office computers, and ended up using onboard video because it's impossible to find anything. Even processors were a bit of "ok, what is in stock, and which motherboard works with it, also in stock..."
It's moreso "Oh no, I won't be tempted to buy computer equipment I probably don't need right now". But I feel the pain of someone who actually needs to buy a new peripheral, if I hadn't fixed my 1080ti I'd have been trying to follow GPU stock streams to get a new one.
This isn't good, expect major product shortages and price increases for everything with a chip, which is literally everything.
On the silver linings side, maybe this limits the trend of everything needing to be "smart".
My toaster doesn't need wifi, my water bottle doesn't need a Bluetooth speaker, and my fridge sure doesn't need a camera and an app I need to pay $9.95 a month for.
This year and last, I've stopped going through supply chain and basically pick up 2-3 laptops (whenever they have stock) at Memory Express on a regular basis to keep up with hiring.
Prices this year are up roughly 10% which is like an $800 Thinkpad going to $1000.
Economists say these shortages are playing a big part in rising inflation too.
Hopefully this will serve a corrective to the concentration of semiconductors by a handful of companies in a handful of countries. We can’t surrender the production of these sorts of crucial resources to the logic of global markets.
People have been warning for years of the national security and economic risks that were looming due to the outsourcing of so much manufacturing in all industries, but you know, we had to make sure those CEOs keep getting fatter bonuses and all.
People have been warning for years of the national security and economic risks that were looming due to the outsourcing of so much manufacturing in all industries, but you know, we had to make sure those CEOs keep getting fatter bonuses and all.
Hurray for neoliberalism.
Falls in line with this new vid from Wendover. Basically an incorrect application of Toyota's Just-In-Time delivery. Publicly traded companies only using the cost savings side of it and masked it as "efficiency".
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The only one you can get is a 7 year old card right now(710). I had to get some office computers, and ended up using onboard video because it's impossible to find anything. Even processors were a bit of "ok, what is in stock, and which motherboard works with it, also in stock..."
My guess is there will be large supply of GPUs on the secondary market once it is no longer possible to actually 'mine' Ethereum. Who knows when exactly that will be. Maybe end of the year.
Ford Motor is significantly cutting its North American vehicle production in July due to an ongoing shortage of semiconductor chips impacting the global automotive industry.
The automaker said Wednesday it will idle or reduce production at eight plants, including six in the U.S., for varying periods of time next month and into early August due to the problem. Affected products range from the Ford F-150 and Ford Bronco Sport to the Ford Mustang and Ford Explorer.
The cuts are the latest for Ford, which earlier this year said it expected to lose about 50% of its vehicle production in the second quarter due to the chip issue. Ford has said it expects to lose $2.5 billion in earnings and roughly 1.1 million units of production this year because of the problem.
Chip supply shortage could last serveral years
