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Foxconn admits component shortages are here until at least mid-2022

Foxconn says the on-going component shortage for electronic components will see shortages into AT LEAST the second quarter of 2022.

@anthony256
Published Thu, Apr 1 2021 10:15 PM CDT   |   Updated Fri, Apr 30 2021 5:31 AM CDT

If you thought it was just graphics cards and next-gen gaming consoles that were in massive global shortages, other electronic components are about to join that -- right into the second half of 2022.

Foxconn admits component shortages are here until at least mid-2022 06 | TweakTown.com

Apple supplier Foxconn has joined other technology giants that are adding to the dark times of global chip shortages, with Foxconn being the world's largest contract electronics manufacturer. When they warn of shortages, the world needs to listen. Foxconn isn't just Apple's main supplier, but the company makes components for thousands of companies and some of the biggest brands in the world.

Foxconn CEO Young Liu explained to investors during the company's latest earnings call: "The [supply in the] first two months of this quarter was still ok, as our clients are all very big, but we started to see changes happening this month". Liu said that Foxconn would not be able to fulfil less than 10% of its orders due to the component shortage.

Patrick Chen, head of Taiwan research at CLSA has a counter opinion, adding: "His comments are interesting because previously some PC companies suggested that the situation may be improving, but he appears to say the opposite".

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Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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