An executive at Samsung Electronics 005930, 0.73% on Wednesday became the latest to warn of problems from a global semiconductor shortage, stoking fears that a lack of supply for carmakers will extend to technology companies.
“There’s a serious imbalance of supply and demand in the IT sector globally…It is hard to say the shortage issue has been solved 100%,” co-Chief Executive Officer Koh Dong-jin said at a shareholder meeting, according to the Financial Times. Ford F, +1.60% and General Motors GM, +5.13% have both warned about shortages, an industry-wide issue for automakers that has gotten worse amid the pandemic.