Chip giant TSMC expects semiconductor shortage to spill into 2022
The motor industry can expect some relief from next quarter, but overall deficit of critical semiconductors could last longer, says CEO
Taiwan Semiconductor Manufacturing Company (TSMC) warned on Thursday that a global shortage of semiconductors across industries from car-making to consumer electronics may extend into 2022, prompting the linchpin chipmaker to lift targets on spending and growth for 2021.
The world’s largest contract chipmaker said that its motor industry clients can expect chip shortages to begin easing next quarter, alleviating some of the supply disruptions that have forced the likes of General Motors and Ford Motor to curtail production. But overall deficits of critical semiconductors will last throughout 2021 and potentially into 2022, CEO CC Wei told analysts on a conference call...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.