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Semiconductor Chip Crisis Extends To Washing Machine, Toasters: FT

The growing semiconductor chip crisis has extended to smartphone, television, and home appliance manufacturers from rising stockpiling, Financial Times reports, based on Asian manufacturers. What Happened: The pandemic-induced demand spike in electronics and production facility outages further squeezed the chip supplies. Stockpiling of the Chinese companies affected by U.S. embargoes in anticipation of further restrictions played an important role. All of the above translated into a chip crisis for everyday electronics like washing machines and toasters, affecting the likes of South Korea’s Samsung Electronics Co Ltd (OTC: SSNLF) and LG Electronics Inc (OTC: LGEIY) (OTC: LGEJY). The manufacturing delays are estimated to last until 2022. Samsung reduced orders for some smartphone components in April after its warning regarding grave supply and demand disparity for semiconductors. Supply crisis in application processors, display drivers, and camera sensors led to falling orders fr

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