Chipmakers expect recovery to take longer than two years
predict a near two-year chip constraint will ease in the second half of 2022, but automotive chipmakers, on the other hand, expect a recovery to take longer.
The differing outlooks on the most pressing issue facing the automobile industry prolongs uncertainty about its recovery from the coronavirus pandemic and risks hampering its efforts to transition to new, chip-intensive technologies such as electrification and safety and driving-assistant features. “Supply limitations are far from over and will persist well into 2022,” Infineon CEO Reinhard Ploss said during an investor call. Infineon is concerned that the spread of the Omicron Covid-19 variant would lead China, with its zero-Covid strategy, to shut down factories, limiting supply.
Ford has partnered with US chipmaker GlobalFoundries to reduce dependence on Taiwan’s TSMC on older technology chips, which Ford CEO James Farley described as “feature rich”.
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