It was only a matter of time.
A shortfall in the global supply of chipsets that has been affecting technology industries ranging from automotive to video games has now expanded directly into the telecom industry.
Optical networking company Infinera said the situation could cost it up to $10 million over the next three months.
During the company s earnings call with analysts, Infinera CEO David Heard said the company expects to score between $320 million and $340 million in revenue in its upcoming quarter, but those figures include a $10 million risk due to semiconductor shortages that are not unique to our industry. We are actively working every single day to mitigate that risk, explained CFO Nancy Erba, according to a Seeking Alpha transcript of the event. Teams are working really hard to do that. So we ve got it built into our outlook, and we re doing our best to mitigate it.