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No End in Sight for Semiconductor Shortage -- Market Talk

Dow Jones Newswires ·  Oct 28, 2021 10:34

1034 ET - The semiconductor shortage is worsening, with wait times lengthening, buyers hoarding products and the potential end looking less likely to materialize by next year. Some buyers trying to place new orders are getting delivery dates in 2024. The semiconductor industry has been unable to keep pace, leading to lost revenue across the board. The pain is spreading beyond the initially affected--like car makers and home-appliance manufacturers--to producers of products including medical devices and tobacco. The smartphone industry will grow by just 6% year-over-year, or half the initial forecast from earlier this year, because of chip woes. (stephanie.yang@wsj.com and jiyoung.sohn@wsj.com)

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