Part of the Chip Shortage is Customers Fault | MU Message Board Posts

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Msg  13310 of 13321  at  4/12/2021 1:03:18 PM  by

jag24


 In response to msg 13308 by  cruisecontrol
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Re: Part of the Chip Shortage is Customers Fault

most of the contracts with foundries are take or pay, 
 
"Take or pay is a type of provision in a purchase contract that guarantees the seller a minimum portion of the agreed on payment if the buyer does not follow through with actually buying the full agreed amount of goods."
 
which would mean these buyers must have been in panic mode to have paid the penalty vs. building inventory.    


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