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Here is a comprehensive update on the global electronic component shortage, components lead times, and a forecast of when the parts crunch will end.

Professional buyers can use these three methods to source hard-to-find electronic components even amid challenges like the global chip shortage.

The semiconductor industry has started 2022 by facing new COVID-related manufacturing disruptions and component price increases. But this year also looks to be the start of the sector's recovery phase.

Qualcomm recently moved to break into the gaming market with its Snapdragon G3x Gen 1 mobile device SoC. The chipmaker is also working to diversify its supply chain to prevent future component shortages.

BMW and Stellantis recently signed deals with component manufacturers and foundry service providers to ensure they had a steady supply of microelectronics. Other major carmakers, including Ford, have adopted the same strategy to combat the global chip shortage.

For electronics manufacturers, the coronavirus pandemic has been marked by unprecedented shipment delays, stockouts, and shortages. But digitalization has helped companies overcome the limitations of the components supply chain.

Samsung announced it would establish a $17 billion cutting-edge chip fab in Taylor, Texas. Once operational in 2024, the plant will produce 5G, artificial intelligence, high-performance computing, and mobile device components.

Bosch revealed it would spend €400 million ($451 million) to expand its semiconductor manufacturing resources in three locations. The conglomerate is committed to producing silicon carbide (SiC) components at volume, which has big implications for the auto industry.

In October, Chinese component output dropped by several hundred million units, likely due to the impact of the global chip shortage. However, local leaders and manufacturers are working on expanding regional production capacity significantly.

Texas Instruments recently announced plans to establish a large 300mm chip complex in its home state. The firm wants to invest around $30 billion to establish four fabs on-site, with production to commence in 2025.