F.Y.I. - Chip shortages

[Techman]

Chip shortages aren't going to be solved quickly. New Intel CEO Pat Gelsinger tells WSJ that the supply constraints will last at least two years, posing challenges for everything for cars to computers. "This will take a while until people can put more capacity into the ground," he says in an interview

[Teken]

This whole chip shortage is code for let’s jack up prices and rake in some profits. Are there constraints in the various supply chain?!?

Yes . . .

Does it impact every technology sector - No!!!

What we have is every Johnny Come Lately that is jumping on the band wagon trying to milk the system while screwing with the consumer.

This is exactly like gas prices where something so unrelated to gas or anything instantly, prices sky rocket!

Lumber prices have shot up the roof. Food prices have shot up the roof. Everything has shot up the roof?!? Is this because of a chip shortage?!?

No . . .

This is caused by greedy assholess controlling the input / output. This is caused by companies hoarding key components and sucking up the inventory where the open market dries up which is the casual effect of prices going up in different widgets.

Farmers are still raising and growing food for the masses. Fuel continues to be pumped out of the ground. Every known element is still being carved out of the earth.

Nobody is stopping - no one!

The root cause is and has always been greedy assholess.

[lilyoyo1]

1 hour ago, Teken said:

This whole chip shortage is code for let’s jack up prices and rake in some profits. Are there constraints in the various supply chain?!?

Yes . . .

Does it impact every technology sector - No!!!

What we have is every Johnny Come Lately that is jumping on the band wagon trying to milk the system while screwing with the consumer.

This is exactly like gas prices where something so unrelated to gas or anything instantly, prices sky rocket!

Lumber prices have shot up the roof. Food prices have shot up the roof. Everything has shot up the roof?!? Is this because of a chip shortage?!?

No . . .

This is caused by greedy assholess controlling the input / output. This is caused by companies hoarding key components and sucking up the inventory where the open market dries up which is the casual effect of prices going up in different widgets.

Farmers are still raising and growing food for the masses. Fuel continues to be pumped out of the ground. Every known element is still being carved out of the earth.

Nobody is stopping - no one!

The root cause is and has always been greedy assholess.

I disagree with this. While every company wants to jack up prices, all know that doing so doesnt necessarily means increased profits... The fact that so many companies across the board is fighting the same fight is telling.  The pandemic along with other piss poor government policies have exacerbated a bad situation even more. While I would love to say your argument is true and that simple, reality is, its not. 

[LFMc]

3 hours ago, Teken said:

This whole chip shortage is code for let’s jack up prices and rake in some profits. Are there constraints in the various supply chain?!?

Yes . . .

Reminds me of the days in the PC Clone hardware business when you could count on a memory chip shortage every year, mostly around Chinese New Year or right after. One year I bought a few thousand $$s of DRAM for PCs and sure enough when the shortage hit, I doubled my money. Of course I could have also been caught with my pants down.
 

I think we are in the beginning throws of some serious inflation with more baseless money (code word: stimulus checks) chasing fewer goods (code word: Covid shutdowns).  Get your money in the right place, its coming. Cash is not king right now. Housing in my area is already going up 10-20% this year alone. Makes me want to rethink my avoidance of block chain currencies too. 

[asbril]

Intel CEO Sees Prolonged Chip-Supply Constraints 

 

Intel CEO Sees Prolonged Chip-Supply Constraints - WSJ.pdf

[Teken]

I disagree with this. While every company wants to jack up prices, all know that doing so doesnt necessarily means increased profits... The fact that so many companies across the board is fighting the same fight is telling.  The pandemic along with other piss poor government policies have exacerbated a bad situation even more. While I would love to say your argument is true and that simple, reality is, its not. 

The price of food increasing has absolutely nothing to do with chips. Fuel and lumber have nothing to do with chips. The clothes and shovels we buy have no relations to chips!

The point I’m making is every sector is using this and any other excuse to jack up the price!

Everyday we see this at the gas pumps because people are too stupid to make a change in a meaningful way. Fuel is exactly like milk when purchased, stored, and used.

You go to the store and a litre of milk is $1.00. You put it in the fridge it still cost a dollar. You consume the milk over the course of five days.

Guess what that milk isn’t going to go up and down in price in your fridge! That is exactly the same with fuel.

Jack boot Joe owns a gas station. He orders fuel and fills the underground tanks. Let’s jus say it cost him $1000.00 to do so and at the time of the fill determines the pump price will be $0.50

So until that tank is emptied the cost hasn’t changed one iota! But you’ll see someone **** and every day gas prices will go up some absurd amount?!?

Why?!?

Simple greed - Greedy assholess.

I’d prefer if someone just answered honestly when asked why fuel is increasing just randomly. If the answer is because I can - OK!

But don’t hide behind some make belief story a dog got shot and a beaver ate some trees and now gas is increasing in price?!?

[lilyoyo1]

29 minutes ago, Teken said:

The price of food increasing has absolutely nothing to do with chips. Fuel and lumber have nothing to do with chips. The clothes and shovels we buy have no relations to chips!

You do realize that many factories and plants are still facing worker shortages due to people getting sick and  quarantining don't you? At the place a friend of mine works in, they're working 60+ hrs a week due to shortages.  Guess who ends up paying all of that ot? Consumers. The fact that many orders were pulled, retooling from commercial to consumer, starts the whole process over again. Fuel itself has always been manipulated but even then, when people stopped driving, production cutbacks happened. It's going to take time for wells to start producing, get processed, and back to levels pre pandemic. This isn't a light switch when you can simply turn stuff on and off. It takes time to ramp up and start producing at pre pandemic levels . We didn't notice it before because the supply chain was never broken. Now, in many ways we're starting from scratch. 

In regards to cost of lumber, poor govt. decisions and an extremely hot market (here in the US) has contributed to higher prices. We have neighborhoods in Charlotte where houses aren't even making it online. People are buying 400k+ houses sight unseen. Houses that should sell for 265 are selling for 325k. It's ridiculous. This is even for million dollar homes. Supply simply cannot keep pace with demand.  

The point I’m making is every sector is using this and any other excuse to jack up the price!

Everyday we see this at the gas pumps because people are too stupid to make a change in a meaningful way. Fuel is exactly like milk when purchased, stored, and used.

You go to the store and a litre of milk is $1.00. You put it in the fridge it still cost a dollar. You consume the milk over the course of five days.

Guess what that milk isn’t going to go up and down in price in your fridge! That is exactly the same with fuel.

Jack boot Joe owns a gas station. He orders fuel and fills the underground tanks. Let’s jus say it cost him $1000.00 to do so and at the time of the fill determines the pump price will be $0.50

So until that tank is emptied the cost hasn’t changed one iota! But you’ll see someone **** and every day gas prices will go up some absurd amount?!?

Why?!?

You obviously do not know how has works. Prices go up at the pump because they have to pay for the gas that's coming BEFORE they get it. 

Using your own example; you bought that milk for 1.00 and you resale it for 1.25. if your price for  milk goes to 2.00, are you still going to sell your current one for 1.25 knowing you'll have to replace it for 2.00 or will you sell it for 2.25

Simple greed - Greedy assholess.

Yes they are greedy. No argument there. However, no one is raising prices simply to make more money. Especially here in the US, most people will simply cut down on their spending. Hold off on purchases, etc. Sure they make more on the individual sale but they lose overall since they aren't selling as much as they planned to sell. 

I’d prefer if someone just answered honestly when asked why fuel is increasing just randomly. If the answer is because I can - OK!

But don’t hide behind some make belief story a dog got shot and a beaver ate some trees and now gas is increasing in price?!?

 

[Teken]

47 minutes ago, lilyoyo1 said:

 

You are over generalizing with respect to how fuel prices work. I know this because there are lots of friends in the industry that are past and present in the various supply chain. Your analogy only works if the price goes up once it doesn't address prices going up every day at the pumps. Are you saying the price of fuel changed every day when the guy bought it from the depot???

It cost what it cost and it doesn't matter when they bought the fuel . . .

Here's another example of how greedy assholess stick it to the consumer just to change gears for second. Where I live the city has this mythical thing called property value. What they say is when the value of my property goes up the taxes should also increase because its worth more?!? OK, I'll bite for now and say that makes perfect sense. lets just say my home is worth $300, 000 and the property tax on that value is $3000.00. Now when my house property goes down the shitter for whatever reason (Housing Bubble) and its worth half its value so its $150, 000 why then hasn't my property tax gone down???

Another example is the banks . . .

Every bank has their mortgage rates tied to the prime rate in the last 50 years it has gone up and down lock and step. Now, with negative prime happening in different parts of the world these dirty assholess have actually stopped dropping the rate or increased it???

Now back to fuel . . .

Fuel is rigged and everyone is in on it right down to the pump dealers. I know this because I've seen the NDA for one of the vendors which stipulates that pump prices will be increased once notified.

I want you to read that again . . .

Fuel prices will increase once notified  What that means in plain English is it doesn't matter what it cost the gas station at any point in time. The price will be increased regardless of the stock on hand, in storage, or in freight. 

Why???

Because they are all greedy assholess which everyone that deals with this industry knows its just business as usual. 

 

[asbril]

https://www.dailymail.co.uk/news/article-9503597/How-world-computer-chip-crisis-hit-supplies-PS5-cars-phones.html

[mango]

I still believe the shortage of chips is not the reason there is/was low stock of Insteon equipment.

Insteon killed most of their product line and supply became limited of their mainstream units well before there was a shortage.

[lilyoyo1]

14 minutes ago, mango said:

I still believe the shortage of chips is not the reason there is/was low stock of Insteon equipment.

Insteon killed most of their product line and supply became limited of their mainstream units well before there was a shortage.

They killed non selling devices which had nothing to do with the chip shortages. I'm fact, i made mention of the shortage before it's really become big news the last few weeks. They were making adjustments before those i know were able to say something (and I could share). Many companies are doing the same.

Because this has dragged on so long, it's only now starting to become major news to the avg consumer as well as affecting business operations to the degree that it is

[Teken]

1 minute ago, lilyoyo1 said:

They killed non selling devices which had nothing to do with the chip shortages. I'm fact, i made mention of the shortage before it's really become big news the last few weeks. They were making adjustments before those i know were able to say something (and I could share). Many companies are doing the same.

Because this has dragged on so long, it's only now starting to become major news to the avg consumer as well as affecting business operations to the degree that it is

All of this is magnified by people in leadership if you can call it that. Who honestly seem to want this brand to fail at every turn?!? The next generation of what many of us call the PLM Pro was in the works more than a full year before any of this COVID-19 stuff was going on.

Than, they go and kill it and have been sitting on it for another year - WTF???

[lilyoyo1]

1 hour ago, Teken said:

You are over generalizing with respect to how fuel prices work. I know this because there are lots of friends in the industry that are past and present in the various supply chain. Your analogy only works if the price goes up once it doesn't address prices going up every day at the pumps. Are you saying the price of fuel changed every day when the guy bought it from the depot???

It cost what it cost and it doesn't matter when they bought the fuel . . .

Here's another example of how greedy assholess stick it to the consumer just to change gears for second. Where I live the city has this mythical thing called property value. What they say is when the value of my property goes up the taxes should also increase because its worth more?!? OK, I'll bite for now and say that makes perfect sense. lets just say my home is worth $300, 000 and the property tax on that value is $3000.00. Now when my house property goes down the shitter for whatever reason (Housing Bubble) and its worth half its value so its $150, 000 why then hasn't my property tax gone down???

Another example is the banks . . .

Every bank has their mortgage rates tied to the prime rate in the last 50 years it has gone up and down lock and step. Now, with negative prime happening in different parts of the world these dirty assholess have actually stopped dropping the rate or increased it???

Now back to fuel . . .

Fuel is rigged and everyone is in on it right down to the pump dealers. I know this because I've seen the NDA for one of the vendors which stipulates that pump prices will be increased once notified.

I want you to read that again . . .

Fuel prices will increase once notified  What that means in plain English is it doesn't matter what it cost the gas station at any point in time. The price will be increased regardless of the stock on hand, in storage, or in freight. 

Why???

Because they are all greedy assholess which everyone that deals with this industry knows its just business as usual. 

 

My example wasnt to go into the details and nuances of gas prices. This forum isn't about that and I'm sure there are hundreds (it not thousands) someone can Google of they wanted those details. But, i really don't feel like arguing today so I'll just say you're right and agree with you this time.... Even though we both know you're wrong. 

[Teken]

1 minute ago, lilyoyo1 said:

My example want to go into the details and nuances of gas prices. This forum isn't about that and I'm sure there are hundreds (it not thousands) someone can Google of they wanted those details. But, i really don't feel like arguing today so I'll just say you're right and agree with you this time.... Even though we both know you're wrong. 

? ?‍♂️

[mango]

15 minutes ago, lilyoyo1 said:

They killed non selling devices which had nothing to do with the chip shortages. I'm fact, i made mention of the shortage before it's really become big news the last few weeks. They were making adjustments before those i know were able to say something (and I could share). Many companies are doing the same.

Because this has dragged on so long, it's only now starting to become major news to the avg consumer as well as affecting business operations to the degree that it is

I had trouble finding the right Insteon parts late 2019 which had nothing to do with the chip shortage or Pandemic. I recall when I made this point on the forum a few months ago you stated it was due to ship shortage.  Perhaps we had our wires crossed, not sure. Whatever happens to Insteon for whatever reason, it really won't be positive IMO.

[lilyoyo1]

9 minutes ago, mango said:

I had trouble finding the right Insteon parts late 2019 which had nothing to do with the chip shortage or Pandemic. I recall when I made this point on the forum a few months ago you stated it was due to ship shortage.  Perhaps we had our wires crossed, not sure. Whatever happens to Insteon for whatever reason, it really won't be positive IMO.

I don't know what parts you had trouble finding but as I stated they did discontinue slow selling devices prior that has no connection to what's happening

[Teken]

1 minute ago, lilyoyo1 said:

I don't know what parts you had trouble finding but as I stated they did discontinue slow selling devices prior that has no connection to what's happening

I product will always be slow selling if you don't improve upon and iterate. Smartlabs had a lot of great ideas and concepts but as always just chuck it out there and let it die.