Chip Shortage And Higher Prices Set to Continue

Share post:

The situation around chip shortages and higher prices will not go away.

With a variety of ongoing challenges, even with signs may ease from 2022 onwards, the shortage will not stop growing, thanks to many factors. The pandemic, among other issues such as supply-side problems, rising logistics prices and the pure demand for chips have caused hold-ups.

While Gartner’s forecast shows a 27% increase in the semiconductor industry, Ben Lee, senior analyst at Gartner, explained that the expected easing in 2022 will not lead to a fall in absolute prices, but will help to slow and increase the growth rate.

He continued: “In terms of the chip shortage, [prices will be] not as high before … or flat, or slightly decreasing. So far we don’t see that any sign that we’re going to see [a] crash. The whole is getting up, the price, not only semiconductor but also for everything. Logistic and transportation fee, or the crude oil fee … it’s a kind of inflation.”

For more information, read the original story in ZDNet.

SUBSCRIBE NOW

Related articles

TikTok Resumes Following Trump Intervention In Federal Ban: Hashtag Trending for Monday, January 20, 2025

TikTok restores service following federal ban and Trump intervention, Apple hits pause on faulty AI news notifications in...

Hamilton Estimates $52 Million to Rebuild IT Systems After Ransomware Attack

The city of Hamilton plans to spend $52 million over the next three years to rebuild and secure...

Avery Data Breach: Credit Card Skimmer Affects Over 61,000 Customers

Label maker Avery has disclosed a data breach affecting 61,193 customers, caused by a credit card skimmer that...

Apple Halts AI News Feature After Missteps in iOS 18

Apple has temporarily disabled its AI-generated news notification feature following several high-profile inaccuracies. The feature, part of the...

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways