Contract manufacturer Foxconn is suffering from material and chip shortages
The global chip shortage has affected the production of automobiles, smartphones and other devices. It hasn’t helped that the world’s top contract foundry, TSMC, is in a country (Taiwan) experiencing a severe drought. The lack of a typhoon last year brought on the shortage which has forced the foundry to arrange for 100 water tankers at a total cost of $100,000. Each ship carries 20 tons of water.