The global chip shortage disrupting the car industry and threatening the supply of consumer technology products will last for at least another year, one of the world’s largest electronics contract manufacturers has warned.
The forecast from Flex, the world’s third-biggest such manufacturer, is one of the gloomiest yet for a crisis that is forcing car and consumer electronics groups to re-examine their global supply chains.
A rapid rebound in vehicle sales combined with a lockdown-driven boom in games consoles, laptops and televisions has left the world’s chipmakers overwhelmed by the sharp increase in demand.
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