Retronix Electronic Component Shortage Solutions
If you don’t already know about the current global chip shortage, you must be living under a rock. However, did you know that Retronix could have the solution to your supply chain woes?
Is any industry safe from the component shortage?
While there has been extensive coverage on the chip shortage impacting the automotive industry, the reality is that businesses in every sector are hurting. Just, when we thought that the global chip shortage couldn’t get any worse, the situation intensifies, and it now looks like millions of everyday consumers will be impacted. While small in size, the semiconductor plays an integral role in all modern-day technology. From the sought-after PlayStation, the humble toothbrush to the voice-controlled speaker that is now becoming commonplace in our homes. The tiny chip hides in so many products that feature in our day-to-day lives.
Having been in the industry for 30 years, Retronix has experienced component shortages before but never to the extent where the everyday consumer is affected.
Reinhard Ploss, the Chief Executive of German chipmaker, Infineon, agrees that this is uncharted territory for the semiconductor industry,
“The current situation, where all verticals are booming, I have never seen before” CNBC.
How long will the component crisis last?
As reported in Bloomberg, the lead time for ordering and taking delivery of a computer chip topped 17 weeks in April. According to Susquehanna Financial Group, this is the longest wait since the firm began tracking data back in 2017, putting the supply chain into the danger zone.
As would be expected there are several disputes over how long the shortage will last. Chuck Robbins, Cisco CEO, is optimistic about the situation telling BBC, “We think we’ve got another six months to get through the short term. The providers are building out more capacity. And that’ll get better and better over the next 12 to 18 months.”
However, IBM President Jim Whitehurst isn’t as confident about the situation, sharing with the BBC that it would be years before the semiconductor supply chain returned to normal. “There’s just a big lag between from when a technology is developed and when [a fabrication plant] goes into construction and when chips come out,”. Reinhard Ploss, Infineon, shares the same bleak outlook for both this year and the next exclaiming that “We’re fighting for every wafer”.
What is the solution?
Our Retronix Component Recovery solution doesn’t require any fighting, instead, all we ask is for you to do some component searching. Search your scrap for faulty/obsolete PCBs, your storage for old PCBs, and your supply chain. From experience, we can promise that you will be surprised by what you can uncover. We can also promise that our Retronix advance and precise component reclaim service can safely recover any high-value component that you find.
Many organisations don’t realise that the Retronix Recovery Solution even exists and in desperation flee to the grey market. Fortunately, our IC testing suite can validate the authenticity of components sieving out any nasty counterfeits from customer supply chains.
Still unsure of how we can help? Follow our Retronix Component Recovery Decision tree to find the solution that’s right for you.
