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Samsung halts production of S21 FE due to chip shortage

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Miguel A. Rodriguez
Miguel A. Rodriguez
14 June 2021
The global chip shortage caused by the pandemic-related restrictions continues to have an impact on operators

The South Korean multinational conglomerate, Samsung Electronics Co., announced the production suspension of one of its mid-range phones because of a chip shortage.

Samsung’s Galaxy S21 Fan Edition halt came after a shortage of Qualcomm’s application processors. The less expensive version of the Galaxy S21 was aimed to be launched in August.

According to South Korea’s Electronic Times report, the chip shortage may not be resolved soon. Moreover, Samsung has warned that it is grappling with the fallout of a “serious imbalance” in global semiconductor supply.

Samsung is not the first company to cite chip shortage as a problem. Nio, the Chinese electric car company, revealed that deliveries slide in May due to “the volatility of semiconductor supply and certain logistical adjustments.” In May, Nio managed to deliver 6,711 vehicles.

Despite the recent setback, rumor has it that Samsung began the production of its Galaxy Z Fold3.

Sources: Bloomberg.com, seekingalpha.com

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.