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Global chip shortage spreads to toasters and washing machines
25 Apr, 2021 01:21 AM
4 minutes to read
LG said the chip shortage had not yet disrupted its production but admitted it was a risk. Photo / 123RF
LG said the chip shortage had not yet disrupted its production but admitted it was a risk. Photo / 123RF
Financial Times
By: Song Jung-a and Eleanor Olcott
The deepening global chip crunch is spreading to makers of smartphones, televisions and home appliances, according to suppliers in Asia, as companies boost stockpiles of in-demand semiconductors. Chip supplies have tightened due to booming demand for electronics during the Covid-19 pandemic and outages at large production facilities.
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