|This was from Goldman recently on chip shortage: |
Supply chain issues are indirect and having limited impact for now. OLED does not appear to be seeing any impact on its business and no real direct impact in terms of constraints, and the company does not believe that customers are buying safety stock or building inventory. In terms of its own supply chain, the company did note that it is still watching the pricing trends for one of its raw materials - iridium - which OLED noted has seen a meaningful price increase over the past few years (e.g. $400 per troy ounce to over $6,000 at peak, though down since then). That said, the company has been building inventory steadily on iridium and said that it has enough stock for several years worth of needed supply, and thus does not see any constraints in the near-to-medium term.