Friday, 24 March, 2023

How $500B chip industry changing due to silicon shortage

<p>The demand for Microchip Technology&#39;s product is 50% more than it can supply, which puts it in an unfamiliar position of power as the global chip shortage elevated its profile. Microchip allowed clients to cancel orders within 90 days of delivery, recently it has started giving priority to clients who signed a contract that can&#39;t be revoked or rescheduled for 12 months. This contract is one of the many examples of how a $500B chip industry changed due to a silicon shortage.</p>