Timeline for the end of the chip shortage according to Samsung

It's no secret that electronics have seen serious price increases over the past year. The rise in price tags is palpable and many are grumbling that buying gadgets has become an expensive pleasure. The reasons are obvious: pandemic, factory downtime due to quarantine restrictions, component shortages and inflationary processes. One of the priorities for 2022 is to saturate the market with chips and cope with shortages.

Some are pessimistic in their forecasts and say that the deficit will be overcome only in 2023. Others are confident that the situation will improve in the second half of next year. Samsung has also given its own forecast. Not so long ago, the company discussed this issue with its partners and suppliers, where its representatives noted that the shortage of chips will be felt until the second half of 2022.

The South Korean giant seems to believe that the situation will change as early as the second half of next year. To avoid a repeat of the situation when a shortage of components affected the timing and number of devices produced, Samsung intends to sign contracts with chipmakers for a year. In addition, the company plans to build up a stock of chips in the future to ensure uninterrupted production of gadgets within four weeks rather than two weeks as now.

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