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Global Debit and Credit card supplies could soon be affected by the chip shortage currently affecting many industries.

Global chip shortage could affect Debit, Credit card supplies: report

Payment card trade body Smart Payments Association has warned that global Debit and Credit card supplies could soon be affected by the chip shortage currently affecting many industries.

Global chip shortage could affect Debit, Credit card supplies: report
Payment card trade body Smart Payments Association has warned that global Debit and Credit card supplies could soon be affected by the chip shortage currently affecting many industries. Card manufacturers are facing difficulties in obtaining chips due to bottlenecks in the supply chain. The trade body says that the situation has now become critical, and has called on governments and stakeholders to improve the situation. It further added that nearly 90 percent of non-cash consumer payments are made using cards in physical stores.
Global chip shortage could affect Debit, Credit card supplies: report Card manufacturers face difficulties in obtaining chips Trade body calls on governments, stakeholders to improve situation Nearly 90% of non-cash consumer transactions made using cards

Payment card trade body Smart Payments Association has warned that global Debit and Credit card supplies could soon be affected by the chip shortage currently affecting many industries.

Payment card trade body Smart Payments Association has warned that global Debit and Credit card supplies could soon be affected by the chip shortage currently affecting many industries.
Card manufacturers are facing difficulties in obtaining chips due to bottlenecks in the supply chain.
The trade body says that the situation has now become critical, and has called on governments and stakeholders to improve the situation.
It further added that nearly 90 percent of non-cash consumer payments are made using cards in physical stores.

Intel CEO Pat Gelsinger said at the Computex trade show that the global chip shortage could last for several years.

Intel CEO says global chip shortage could last several years

Intel CEO says global chip shortage could last several years
Intel CEO Pat Gelsinger said at the Computex trade show that the global chip shortage, caused by exponential rising demand amid the Covid-19 pandemic, could last for several years. Although the industry has taken steps to address constraints, he said, it could take a couple of years for shortcomings of foundry capacity and components to be corrected. Intel had earlier announced a $20 billion plan to expand its chip manufacturing capabilities.
Global chip shortage could last several years: Intel CEO Could take couple of years to correct component scarcity: Gelsinger Intel to invest $20 billion to expand chip manufacturing

Intel CEO Pat Gelsinger said at the Computex trade show that the global chip shortage, caused by exponential rising demand amid the Covid-19 pandemic, could last for several years.
Although the industry has taken steps to address constraints, he said, it could take a couple of years for shortcomings of foundry capacity and components to be corrected.
Intel had earlier announced a $20 billion plan to expand its chip manufacturing capabilities.

global chip shortage

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