Apple supplier Foxconn warns that component shortages will last until 2022
The ongoing global shortage for electronic components continues, and Foxconn — which handles manufacturing for Apple, among other major tech heavyweights — has announced that it’s starting to see the impact of shortages. According to Young Liu, Foxconn’s CEO, the company won’t be able to fulfill some of its orders due to those shortages, which he expects will last until at least the second quarter of next year, Nikkei reports.
“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 reportedly told investors during the company’s latest earnings call.
The impact of the shortages isn’t expected to be large, at least for now: Liu expects…