Labor shortages hit electronics makers as chip drought persists, causing delays [Financial Post (Toronto, Ontario, Canada)]
Intel Corporation (INTC)
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Source: Financial Post
from an ongoing chip shortage and causing delays in shipping products, a trade group representing them said on Thursday. IPC, which represents contract manufacturers such Foxconn , chipmakers such as Intel Corp, circuit board makers and other industry players, said about 80% of respondents in its most recent survey said they were having trouble finding workers. More than two-thirds of the companies surveyed said that their labor costs were also rising. Still working from home? Here's how to get a tax break Advertisement Advertisement Article content The labor woes come at a time when the industry is also dealing with a global chip shortage that started last year. More than half of the respondents said they did not believe the chip shortage would abate until at least the second half of 2022, with 90% of the companies saying their overall materials costs, which also include non-chip items, were rising. The result had been increased delays and shrinking profit margins, the
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