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Stock impact report

The global chip shortage may mean production cuts for Apple iPhones [Los Angeles Times (CA)]

Broadcom Inc. (AVGO) 
Last broadcom inc. earnings: 3/12 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.broadcom.com
The company had expected to produce 90 million iPhones in the last three months of the year, but it's now telling manufacturing partners that the total will be lower because Broadcom Inc. and Texas Instruments Inc. are struggling to deliver enough components, said the people, who asked not to be identified because the situation is private. The technology giant is one of the world's largest chip buyers and sets the annual rhythm for the electronics supply chain. But even with strong buying power, Apple is grappling with the same supply disruptions that have wreaked havoc on industries around the world. Major chipmakers have warned that demand will continue to outpace supply throughout next year and potentially beyond. Apple gets display parts from Texas Instruments, and Broadcom is its longtime supplier of wireless components. One Texas Instruments chip in short supply for the latest iPhones is related to powering the OLED display. Apple also is facing component shortages from oth Show less Read more
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