The world is currently facing a major semiconductor shortage that has affected the entire globe along with various industries. Now, the chief executive of Dell has stated that this shortage might last for a few years, which is longer than previous estimates.
According to a Reuters report, the American tech giant’s CEO and Founder believes that the global chip shortage might last for longer than what was expected. The shortage also arrives amid a surge in demand for electronic products along with US sanctions against Chinese tech firms that has caused various issues in the semiconductor industry. This shortage has even affected industries like smartphones, automobiles and even home appliances.
As per Michael Dell stated in an interview that “The shortage will probably continue for a few years. Even if chip factories are built all over the world it takes time.” This statement from the founder of the company that places an annual order volume of 70 billion US Dollars, signifies the gravity of the situation. Furthermore, Dell is an important client to various major chip makers, but still had to pay a premium to secure stable supply, as per the chief executive.
Dell further added that acquiring older and cheaper semiconductors are apparently harder, stating that “We are talking, in particular, about components that are in the one-dollar range and are used practically everywhere. But even newer technologies are not easy to come by.” Thus, we might see the world struggling with the semiconductor supply for at least a few more years. So, stay tuned for more updates regarding this matter.
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