Is the chip shortage real?

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Unfortunately, the answer is YES!

Unlike the gas shortage generated by misinformation, fear and too many people panic buying using their plastic bags and bins down here in Florida.

Now, more than ever it is imperative for everyone to spend the time to plan ahead and place those orders way in advance.

Last minute requests for this scarse will be hard to fulfill, and you will be in tough position having to having to buy refurbished/used equipment, assuming that is even available by that time.

Cisco’s CEO

“We think we’ve got another six months to get through the short term. The providers are building out more capacity. And that’ll get better and better over the next 12 to 18 months.”

Extreme Networks’ CEO

“as we grapple with product constraints in our supply chain resulting from chipsets and other industrywide component shortages.”

Arista’s CEO

“To put this in perspective, we now have to plan for many components with 52-week lead time.”

IBM’s CEO

“There’s just a big lag between from when a technology is developed and when [a fabrication plant] goes into construction and when chips come out,”

Juniper Networks’ CFO

“We continue to work closely with our suppliers to further enhance our resiliency and mitigate disruptions outside of our control. Despite these actions, we believe extended lead times will likely persist for the next few quarters,” Miller said.  “While the situation is dynamic, at this point in time, we believe we will have access to sufficient semiconductors supply to meet our full year financial forecast.”

Read more about the shortage here

Disclaimer: Image belongs to ledgerinsights.com

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