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CHIP SHORTAGE NEWS Global chip shortage 2022 - updates in June

Updated on 29.06.2022 From Luke James

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The chip shortage continues in 2022. While some experts believe that the situation will improve this year, others are convinced that the crisis will persist into 2023. This article is updated continuously and summarizes the most important chip shortage news in June 2022.

The global chip shortage emerged in 2020 and is an ongoing problem where the demand for integrated circuits such as computer chips is greater than supply.
The global chip shortage emerged in 2020 and is an ongoing problem where the demand for integrated circuits such as computer chips is greater than supply.
(Source: Quardia Inc. - stock.adobe.com )

How are companies responding to the chip shortage and what are policymakers commenting? Here we sum up the most important events related to the global shortage of microchips (this article is updated continuously):

Chip shortage expected to impact contactless card delivery until next year

The delivery of contactless payment cards will continue to be impacted by the global chip shortage and supply chain disruption until 2023, according to a recent forecast by the Smart Payment Association (SPA).
“This ongoing supply challenge results from a range of factors including post-Covid recovery leading to a surge in demand for semiconductors,” the researchers say. “Additionally, payment card deliveries are suffering from extended lead times for key raw material supplies such as plastic, metal and other components of a smart card.”