---
title: The Global Semiconductor Shortage Could Extend Into 2023
description: Manufacturing space at semiconductor foundries is limited, and some industries are feeling the squeeze.
---

[Newsroom ](https://www.northshorecomponents.com/newsroom)

# [The Global Semiconductor Shortage Could Extend Into 2023](https://www.northshorecomponents.com/newsroom/the-global-semiconductor-shortage-could-extend-into-2023)

 Written by [North Shore Components](https://www.northshorecomponents.com/newsroom/author/north-shore-components) | Jun 9, 2021 4:10:51 PM

*Keith Noonan*

Singapore-based electronics manufacturer **Flex** ([NASDAQ:FLEX](https://www.fool.com/quote/nasdaq/flex-ltd/flex/)) anticipates that the current semiconductor shortage will extend at least halfway into next year and potentially into 2023, according to a report published by *The Financial Times* on Monday. Chip manufacturers are already making big investments to open new factories, but the plants will take years to build, and it looks like supplies of semiconductors will continue to be constrained in the near term. 

Flex is the world's third-largest contract electronics manufacturer and provides components for companies including **Ford** ([NYSE:F](https://www.fool.com/quote/nyse/ford-motor-company/f/)) and **HP**. Its comments provide sobering insight into the supply chain issue. The company's executives believe the situation could improve if consumer spending shifts from electronics to services, but that might be unlikely. 

Image source: Getty Images.

More products and services depend on [chips](https://www.fool.com/investing/stock-market/market-sectors/information-technology/semiconductor-stocks/) than ever before, and an explosion of demand as coronavirus-related pressures have eased in some countries is creating supply chain issues.

Tensions between the U.S. and China have also complicated matters. The world's two largest economies are jockeying for leadership in design and production, and each country views chip supply as central to its national security and long-term economic development. 

With the potential for a new super cycle in mobile hardware upgrades and emerging tech trends including 5G, augmented reality, and the Internet of Things, demand in the consumer electronics space appears likely to remain high.

*article originally published [the motley fool](https://www-fool-com.cdn.ampproject.org/c/s/www.fool.com/amp/investing/2021/06/07/the-global-semiconductor-shortage-could-extend-int/)*

 

 

[View full post](https://www.northshorecomponents.com/newsroom/the-global-semiconductor-shortage-could-extend-into-2023)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "North Shore Components"
  },
  "dateModified" : "2021-06-09T16:10:51.044Z",
  "datePublished" : "2021-06-09T16:10:51Z",
  "headline" : "The Global Semiconductor Shortage Could Extend Into 2023",
  "image" : {
    "@type" : "ImageObject",
    "height" : 60,
    "url" : "/hs/hsstatic/content_shared_assets/static-1.4092/img/default-amp-logo.png",
    "width" : 60
  },
  "mainEntityOfPage" : "https://www.northshorecomponents.com/newsroom/the-global-semiconductor-shortage-could-extend-into-2023",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60,
      "url" : "/hs/hsstatic/content_shared_assets/static-1.4092/img/default-amp-logo.png",
      "width" : 60
    },
    "name" : "Newsroom"
  }
}
```