Global electronic component shortages have led to a wild west mentality in the supply chain pricing for available stock.

A quick check on the electronic part finder sites will show you brokers offering parts for 100x the normal price, sometimes even as the same part is now available at the regular pricing. Some OEMs and brokers are looking to retire on a few part #’s at the expense of the end users that need the parts to complete their build and deliver their products.

“We needed a tool to enable both the OEM with the excess and the buyer of the parts to find a common ground at a fair current market price. We decided to build a platform like Ebay, but just for chips. So, Bidchips was created with that in mind.”

John Pallazola – CMO iBuyXS

With Bidchips you can make your offer, often far below the traditional prices found in distribution, even on shortage parts. If your bid is the high bid and meets the reserve, you win the parts.