Toilet paper and hand sanitizers aren?t the only things folks have been hoarding during the pandemic. According to a report by The South China Morning Post and Bloomberg, major companies like Apple and Huawei are hoarding components, worsening existing supply shortages for small-volume buyers in the automobile and games industries, among others.
Will Bright, co-founder and chief product officer of peripheral manufacturer Drop, said that there?s ?a chip stockpiling arms race.? ?The virus pandemic, social distancing in factories, and soaring competition from tablets, laptops, and electric cars are causing some of the toughest conditions for smartphone component supply in many years,? added Neil Mawston of Strategy Analystics. Taiwan Semiconductor Manufacturing Co., which is the world?s chip supplier of choice, has reportedly been discussing the issue with Qualcomm, Corning Inc., and officials from President Joe Biden?s administration.
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