Benzinga | May 28, 2021 02:09PM EDT

Logitech Anticipates Semiconductor Crisis to Stretch 12 Months: Reuters

* Logitech International SA (NASDAQ:LOGI) CEO Bracken Darrell estimates the semiconductor chip crisis to loom for three to six months and up to a year for some industries, Reuters reports based on Swiss newspaper Finanz und Wirtschaft.

* Darrell acknowledged Logitech's success in tackling the crisis. The company had to use new suppliers for some parts due to the crisis.

* Dell Technologies Inc (NYSE:DELL) and HP Inc (NYSE:HPQ) estimated the crisis to affect their supply for 2021.

* Price action: LOGI shares traded higher by 0.94% at $123.15 on the last check Monday.