Apple's silicon processor manufacturer, TSMC, has now commented on the ongoing global chip shortage, saying that it will last until 2022. It may take even longer for the shortage to completely subside.
TSMC has now officially confirmed recent reports from other foundries, stating that it will take "a few years" for the effects of the global chip shortage to subside. The announcement came as part of the company's quarterly earnings release. According to Reuters, TSMC exceeded expectations with a 19.4% increase in profit in the first quarter. Revenue for January-March was $12.92 billion, and profit was $4.93 billion. This is reportedly due to "stronger engagement with more customers," which is also behind the company's investments. company in the expansion. TSMC CEO CC Wei explained:
Global chip shortage: TSMC sees “multi-year growth opportunities”
We have acquired land and equipment and begun construction of new facilities. We are hiring thousands of employees and expanding our capacity at several locations.
The ongoing global chip shortage is due, among other things, to increased demand for electronic devices during the COVID-19 pandemic—many people have, after all, switched to working from home. Limited manufacturing capacity and supply chain issues are also contributing factors. TSMC, however, also sees this as a "multi-year growth opportunity." Meanwhile, US President Joe Biden has described the chip shortage as a "national security issue" and begun making significant investments in the semiconductor and battery industries. (Photo by Zyabich / Bigstockphoto)
