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Qualcomm CEO says shortage of older chips likely to ease sooner

Demand has soared for chips in latest months, with panic shopping for additional squeezing capability and driving up prices of even the most affordable parts of practically all microchips.

Reuters

PUBLISHED ON MAR 20, 2021 01:49 PM IST

Qualcomm Inc CEO Steve Mollenkopf stated he’s “seeing enchancment” in efforts to ease chip shortages which have triggered disruptions throughout a number of industries, and that demand for older chips is simpler to answer.

Demand has soared for chips in latest months, with panic shopping for additional squeezing capability and driving up prices of even the most affordable parts of practically all microchips.

“There’s a capability for the market to reply extra shortly to a number of the older nodes than the newer nodes, so relying on the product, chances are you’ll be able to get some enchancment,” Mollenkopf stated, talking by way of videolink on the China Improvement Discussion board in Beijing on Saturday.

Talking in the identical panel, president and CEO of Micron Know-how Inc Sanjay Mehrotra stated the chipmaker would intention to extend its provide consistent with the rising demand for the corporate’s merchandise.

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