Posted by on

The global chip crisis is continuing into 2022. The industry has been hit hard by a worldwide shortage of chips, which are used in computers and other electronic devices. This has left small businesses across the world to scramble for alternative solutions to their computer needs, as they can no longer source new parts on demand. For many companies this means relying on older equipment that may be slower or not as reliable as newer technology would be or buying older product that is still available in distribution warehouses. The future looks bleak as demand is set to outstrip supply for the indefinite future.

The global chip crisis started in 2016 as a result of China’s weak economy and the demand for technology dropping across developed countries, which caused companies to scale back on investment. This problem became more serious last year when Samsung Electronics Co., Ltd reported that they would be cutting their production by 30%.  Read more...