Samsung 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.Subscribe to our daily newsletter Back