Monday, May 17, 2021

Chip shortage will hit IT-hardware buyers for months to years

A shortage of all sorts of processors and other components could affect the availability and price of IT hardware for the next 12 to 18 months, according to CEOs of major tech companies including Intel, IBM, Extreme, Cisco and Juniper.

COVID-19 triggered an explosion of the global remote workforce, which created an extraordinary demand for new tech gear. It also forced the shutdown of processor plants, and restarting them and renewing supply chains to their pre-pandemic state will be a lengthy process, according to industry executives and analysts. Beyond the pandemic, a recent fire at a large chip plant in Japan didn’t help.

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Thanks to Michael Cooney (see source)

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