OVERWHELMED: A rapid rebound in vehicle sales, combined with a lockdown-driven boom in games consoles, laptops and TVs, has left the world’s chipmakers unable to meet overwhelmed by the sharp increase in demand. Picture: Bloomberg/David Paul Morris
OVERWHELMED: A rapid rebound in vehicle sales, combined with a lockdown-driven boom in games consoles, laptops and TVs, has left the world’s chipmakers unable to meet overwhelmed by the sharp increase in demand. Picture: Bloomberg/David Paul Morris

The global chip shortage disrupting the car industry and threatening the supply of consumer technology products will last for at least another year, one of the world’s largest electronics contract manufacturers has warned. The forecast from Flex, the world’s third-biggest such manufacturer, is one of the gloomiest yet for a crisis that is forcing car and electronics groups to re-examine their supply chains.

Financial Times

Chasing the cash

Investors are pouring money into dividend-paying stocks after many companies suspended or barely raised payouts last year due to the pandemic. In all but two weeks since March, there were net inflows to global dividend funds and for the week ending last Wednesday, global dividend funds pulled in $675m alone.

Meanwhile, the Dividend Aristocrats, an index containing 65 S&P 500 companies that have increased their payout each year over the past 25 years, is up 16.8% this year.

Financial Times

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