Digipass devices are manufactured using commercially available electronic components, including microprocessors sourced from multiple suppliers. These microprocessors are critical components not readily accessible on the open market. The supply chain for Digipass devices experienced disruptions in late 2021 and 2022 due to the COVID-19 pandemic, the Russia-Ukraine conflict, and inflationary pressures, particularly in the semiconductor market. These factors caused part shortages, increased freight costs, transportation capacity challenges, and labor constraints, resulting in higher material costs and procurement delays. Supply chain conditions stabilized during 2023 and remained relatively stable in 2025; however, global semiconductor supply chains continue to face various risks. In response, the company has enhanced its supplier network, engineered alternative designs, managed inventory to reduce disruptions, and evaluated alternative manufacturing locations, including relocating some production from China to Romania and other sites. Software solutions are developed in-house or by third parties and sold under license.
Onespan Inc's Comment on Supply Chain
Digipass devices are manufactured using commercially available electronic components, including microprocessors sourced from multiple suppliers. These microprocessors are critical components not readily accessible on the open market. The supply chain for Digipass devices experienced disruptions in late 2021 and 2022 due to the COVID-19 pandemic, the Russia-Ukraine conflict, and inflationary pressures, particularly in the semiconductor market. These factors caused part shortages, increased freight costs, transportation capacity challenges, and labor constraints, resulting in higher material costs and procurement delays. Supply chain conditions stabilized during 2023 and remained relatively stable in 2025; however, global semiconductor supply chains continue to face various risks. In response, the company has enhanced its supplier network, engineered alternative designs, managed inventory to reduce disruptions, and evaluated alternative manufacturing locations, including relocating some production from China to Romania and other sites. Software solutions are developed in-house or by third parties and sold under license.
Sources:
Onespan Inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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