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A television interview on Thursday revealed an unexpected victim of the global semiconductor shortage: musical instrument maker Yamaha.

The Japanese company manufactures acoustic and electronic instruments, as well as headphones, audio mixers and car speaker systems.

Speaking on Nikkei television CNBC, the company’s chairman, Takuya Nakata said [VIDEO] the instrument company had been able to replace silicon in some products, but the kit it could acquire produced a negative note in other instruments.

And as chipmakers ramp up production, they typically focus on newer, more cost-effective products. The less sophisticated technology that Yamaha needs is harder to find. As if that weren’t enough, a fire at chip supplier Yamaha Asahi Kasei Microdevices in 2020 further affected the company’s supply chain.

“There was about 35 billion yen ($253 million) in opportunity losses in the past fiscal year. I think we could lose about 30 billion yen in this fiscal year as well,” he said. Nakata.

Yamaha too reported the missing $253 million during a Q&A with an investor in May 2022.

“Ongoing product supply shortages due to semiconductor supply difficulties, such as LSI sound generators, and logistics disruptions, are expected to continue to some extent in the next fiscal year,” admitted [PDF] company in its annual report for the year ended March 31, 2022.

In the annual report, the company reported a 9.5% year-over-year increase in revenue, bringing in about $3 billion.

In his interview, Nakata said wealthy Chinese buyers have kept up piano sales during the pandemic, proving that expensive COVID-related hobbies are also a Middle Kingdom phenomenon. ®