IFNNY - Global chip shortage prolonged by fab pauses is now hitting consumer electronics

Last week, research firm IHS Markit estimated that the global chip shortage could cost automakers 1.3M production vehicles in the second quarter and that the shortage could stretch into Q4, one quarter later than previously estimated. The shortage was recently worsened by weather-related production pauses in Austin, Texas, for foundry giant Samsung ([[SSNNF]],[[SSNLF]]) and auto chip players Infineon (IFNNY) and NXP Semiconductor (NXPI). Auto chip company Renesas (RNECF) also announced that its recent fab fire will likely keep the affected production offline for up to three months. The automotive industry continues to pause production lines due to the shortage, but the problem has also moved out into high demand consumer electronics. Reports had previously suggested that Qualcomm components were starting to feel the pressure. Samsung's Austin fab produced  The reports were backed up last week when Foxconn warned that an unspecified consumer electronics "materials shortage" could stretch into next year. The global semiconductor shortage

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Global chip shortage prolonged by fab pauses is now hitting consumer electronics