Sydney, Australia (CU)_ The serious shortage of semiconductor chips is now poised to strike the most vulnerable sectors of the medical device business, ie., the essential life-saving medical devices and the medtech sector. Global instability and supply interruptions in the semiconductor industry have already resulted in a hike in the pricing of certain medical equipment, with several facing nationwide shortages. Chip production lead times have already increased from four to eight weeks to 30-40 weeks and, in some cases, even 100 weeks. Manufacturers’ delivery timetables have been affected due to this, resulting in significant delays.
However, the chip shortages currently jeopardize the supply of…
