10 Feb 2022 -

Automotive chip giant NXP: expect shortages until 2023

Automobile chip giant, NXP Semiconductors, said despite improvement to the supply situation it still expects shortages to last into 2023, according to Electronic Design.

CEO Kurt Sievers said NXP, the world’s second-largest supplier of chips to the auto industry, would run its front-end fabs “full out” this year to help get through its order backlog and take further steps to expand capacity but demand for NXP’s microcontrollers (MCUs) and other ICs is still outstripping its ability to supply them across its primary markets. “We anticipate 2022 will be another year of demand/supply imbalance with lead times extending out over almost the entire portfolio,” Sievers said. “The level and intensity of supply-related conversations with our customers remain elevated.”  

NXP is at the centre of a chip supply shortage that has roiled the electronics industry for more than a year, unresolved due to soaring demand for electronic goods such as personal computers, writes Electronic Design. 

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