Bloomberg say wait times stretched even further in August, up by 6 days to 21 weeks.
- indicating the shortages that have crippled auto production and held back growth in the electronics industry are getting worse.
Chip lead time is the gap between ordering a semiconductor and taking delivery. That’s what rose in August, from already record-long wait times (Bloomberg citing data from Susquehanna Financial Group since the firm began tracking the data in 2017).
I posted yesterday on woes at Honda plants:
- Honda says domestic production to be at 40% of capacity in August – September
And its not just this one manufacturer.