The global chip shortage is expected to remain an issue until 2024, according to Intel CEO Pat Gelsinger. The global semiconductor shortage is continuing to squeeze the electronics industry by limiting the manufacture of chips. While efforts are being made to try and improve the situation, Intel’s CEO doesn’t think supplies will ease anytime soon. […]
Apple on Thursday announced its Q2 2022 earnings, the company posting revenue of $97.3 billion, an increase of 9 percent year over year. Apple reported a profit of $25 billion alongside earnings per share of $1.52. The reports beat estimates of $95.51 billion in revenues, against $89.58 billion for the same quarter last year and […]
With a steady stream of COVID-19 lockdowns in China, Apple is now apparently menacing an “action plan” to diversity its supply chain management risks out of the country. According to analyst Ming-Chi Kuo, China-based suppliers such Foxconn have struggled with lockdowns. In these cases, factories have either needed to stop production for a certain period […]
As many as half of Apple’s suppliers in China may be under continued COVID-19 lockdowns, thereby leading to issues in the production process that could lead to a supply chain cut-off. According to Nikkei Asia, half of Apple’s 200 top suppliers have production facilities in and around Shanghai. The COVID lockdowns have affected major production […]
Natural disasters are never good for the global supply chain. Over in Japan, a 7.4 magnitude tremor shut down a good portion of the nation’s manufacturing on Thursday. Included in these closures is Murata, which produces ceramic capacitors for Apple. The earthquake claimed four lives and caused 97 injuries. Company Murata, which is located in […]