Chip crunch hits customers like ‘never’ before year into crisis

A worker inspects semiconductor chips at a chip plant in Ipoh, Malaysia. Chip shortages – and related supply-chain snarls – are hammering financial results around the world and across industries. — Reuters

When semiconductor shortages began to hit automakers and other customers late last year, executives voiced optimism that supplies would quickly return to normal. They’re still waiting.

As companies report earnings for the third quarter, it’s clear the crisis is far from over. Chip shortages – and related supply-chain snarls – are hammering financial results around the world and across industries.