The Global Microchip Shortage Could Reportedly Last Until 2023

Global orders are piling up.

Tech
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The global semiconductor shortages are reportedly not ending any time soon.

According to a new report from Bloomberg, Toshiba has expressed concern that the chip shortages could last another two years, despite previous projections from Cisco that it’d continue for just another six months. “The supply of chips will remain very tight until at least September next year,” said Toshiba’s Takeshi Kamebuchi, who overlooks the production of semiconductors. “In some cases, we may find some customers not being fully served until 2023.”

“We usually receive orders weeks and months in advance, but we currently face increasing inquiries for half a year into the future and beyond,” he added. “Long-term contracts piling up like this is new to us.”

Industries all across the board are affected by the shortages. Most recently, the Taiwan Semiconductor Manufacturing Co. already announced price hikes due to low production numbers, and the company supplies a whole range of brands including Apple, Toyota and AMD, which itself supplies chips for both the Xbox Series X/S and PlayStation 5. A host of automakers have also been met with production cuts earlier in the year, including Volkswagen, Nissan, Ford and Subaru.

Elsewhere in tech, Apple has registered a new patent for a flexible, rollable display.

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