Logitech Anticipates Semiconductor Crisis to Stretch 12 Months: Reuters

May 28, 2021 2:09 PM | 1 min read |

Logitech International SA LOGI CEO Bracken Darrell estimates the semiconductor chip crisis to loom for three to six months and up to a year for some industries, Reuters reports based on Swiss newspaper Finanz und Wirtschaft.
Darrell acknowledged Logitech's success in tackling the crisis. The company had to use new suppliers for some parts due to the crisis.
Dell Technologies Inc DELL and HP Inc HPQ estimated the crisis to affect their supply for 2021.
Price action: LOGI shares traded higher by 0.94% at $123.15 on the last check Monday.

Posted In: News Tech Media Briefs Computer Storage & Peripherals Information Technology Reuters semiconductors

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.