Samsung warns of adverse impact of chip shortage on Q2 results


Samsung has reportedly warned it faces serious supply issues which would impact Q2 results and joined a chorus of tech companies expressing concern about a global chip shortage.

Speaking at the company’s AGM today (17 March), co-CEO and head of Mobile Koh Dong-jin said Samsung continues to address a serious supply-demand imbalance, Reuters reported.

Bloomberg noted Koh as stating Samsung is working with suppliers to minimise the impact of a chip shortage.

The news outlet added Samsung is considering delaying the launch of its latest Galaxy Note, a device the vendor was previously reported to be considering axing.

Last week, Reuters reported Samsung was one of several device makers impacted by a shortage of chips from Qualcomm, which was struggling to keep up with demand.

Qualcomm expects demand for its products to remain high due to US sanctions on Huawei.


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