Chip stocks at ‘historic low’

Chip stocks at ‘historic low’


Afp August 04, 2021

FRANKFURT:

German chipmaker Infineon revealed on Tuesday its chip inventories are at an “historic low” with shortages due to last into 2022. “The market is faced with an extremely tight supply situation,” Infineon CEO Reinhard Ploss said in a press release. “Our chips are being shipped from our fabs straight into the end applications.” At its facilities in Melaka, Malaysia, where 8,000 people are employed, production stopped for 20 days in June over restrictions imposed due to an increase in coronavirus cases. The shortfall in production at the factory, where the chips are tested and wrapped, rose to between “400 and 500 million”, Ploss said in a conference call. Shortages in the supply of semiconductors were likely to persist “until 2022”, Ploss told analysts, according to Bloomberg News.

Published in The Express Tribune, August 4th, 2021.

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