16 May 2022 -
 General

Foxconn, world’s largest EMS: struggling with severe chips shortages

Foxconn, the world’s largest contract electronics maker, has been struggling with severe ongoing shortages of chips, reports New Electronics.

“Not only has the company been struggling with falling demand in China, as people have been forced to remain shut in doors, but now high inflation around the world is impacting demand and the war in Ukraine has added yet another problem,” writes NE.

According to the news site, Foxconn has said that it is urgently looking to reduce its reliance on consumer electronics and is planning to diversify into other sectors, in particular electric vehicles which it says could be worth $34bn to the business by 2025.

To avoid electronics supply-chain disruptions, you may also wish to consult an expert in electronics component supply. With more than three decades of supply-chain expertise, Astute Electronics is ideally placed to work with you on your daily component requirements.

For more help with looking at supply chain options, contact Astute Electronics

Related News

10 Jul 2024 - General

Counterfeit GPUs on the Rise: A Growing Concern for the Electronics Industry

Read more

09 Jul 2024 - General

DRAM Prices Skyrocket Amidst AI Boom and Production Shifts: A Deep Dive into the Memory Market

Read more

08 Jul 2024 - General

US Government Invests in Semiconductor Workforce to Combat Looming Talent Crisis, But Challenges Remain

Read more

07 Jul 2024 - General

Semiconductor Manufacturing Equipment Sales Expected to Explode

Read more

05 Jul 2024 - General

US attracting ‘insane’ money into building chip manufacturing

Read more

04 Jul 2024 - General

Vietnam: caught in the crossfire of US-China tech rivalry

Read more