Chip Crunch Hits Customers Like Never Before Year Into Crisis
- GM, Fanuc and others warn shortages are hurting production
- Rise in wait times for chips slowed, suggesting a peak
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When semiconductor shortages began to hit automakers and other customers late last year, executives voiced optimism that supplies would quickly return to normal. They’re still waiting.
As companies report earnings for the third quarter, it’s clear the crisis is far from over. Chip shortages -- and related supply-chain snarls -- are hammering financial results around the world and across industries.