Tech companies face supply chain disruptions due to Iran war
The Iran conflict is putting pressure on tech companies’ supply chains and profitability.
A spiraling conflict in the Middle East has seen oil prices skyrocket and supply chains hamstrung.
Companies like TSMC and Foxconn have warned that the situation could impact their profitability, with prices for certain chemicals and gases likely to increase.
Chipmaker Infineon also expects costs to rise for precious metals, energy, and freight as a result of the war.