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5 Non-Tech Stocks Getting Hit by the Chip Shortage

·5 min read
5 Non-Tech Stocks Getting Hit by the Chip Shortage
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The chip shortage that intensified last year didn't just spill over to 2021 but is getting worse. Apple (NASDAQ: AAPL), which was seemingly holding out against the shortage until now, expects supply constraints to hit its third-quarter revenue by $3 billion to $4 billion. Unprecedented demand for semiconductors has even caught leading manufacturer Intel (NASDAQ: INTC) off guard, with the company recently warning on at least two instances that it could take years to address the global chip shortage.