Samsung warns of bigger chip crunch
 

Considers holding off on new Note

Samsung has warned that it is having a serious imbalance in semiconductors globally and is thinking about having to skip the introduction of a new Galaxy Note.

Co-Chief Executive Officer Koh Dong-jin said during an annual shareholders meeting in Seoul that the chip shortage is getting worse. The company is also considering skipping the introduction of a new Galaxy Note -- one of its best-selling models -- this year, though Koh said that was geared toward streamlining its lineup.

Industry giants have warned of longer-than-anticipated deficits thanks to unprecedented Covid-era demand for everything from cars to game consoles and mobile devices. Volkswagen AG said this week it’s lost production of about 100,000 cars worldwide.

In North America, the silicon shortage and extreme weather have combined to snarl more production at Toyota and Hond.

https://fudzilla.com/news/52542-sams...er-chip-crunch