Major tech companies have had to deal with the severe consequences of global component shortages for the past two years.
This has caused many electronic devices to increase in price or the launch of certain devices to be delayed as a result of this problem, which has even affected the automotive sector.
The good news is that the chip crisis may be coming to an end, at least that’s what the Foxconn company, which assembles products for Apple, Sony, Nintendo, Dell and HP, believes.
According to the multinational’s analysis, the shortage of components should be reduced significantly during the first quarter of this year.
Thus, they indicate that the supply restrictions that affect the production chains will decrease in the second half of 2022.
Although Foxconn is not exactly dedicated to the manufacture of chips, it does work with them to produce cell phones and other devices for its main clients.
In fact, the company says it spends about $55 billion a year on these kinds of deals, in addition to building cars.
Part of its goals include supplying 10 percent of the world’s electronic vehicle components between 2025 and 2027.
However, a different opinion is held by TSMC, the world’s largest chipmaker. The company assured that the supply of components will remain limited throughout 2022.
Other companies like Intel state that the crisis will even last until 2023.