The world will need to double the foundry capacity in the next ten years to accommodate digital transformation and the Internet of Everything (IeE), according to Qualcomm CEO, Cristiano Amon.
“One of the biggest supply chain crises we have had is in chips, but also it’s because of something else; chips are now going everywhere. The percentage of digital in the economy is significantly higher. Virtually everything that’s being built now requires chips,” said Amon to The Verge.
He says it is a good thing for the industry that TSMC and Samsung invest and set up factories in the United States.
“No matter which region it is manufactured in, diversification of supply sources is very important, and we need to create a flexible supply chain,” Amon said.
Amon also revealed that Qualcomm is currently making great strides in emerging markets such as automotive chips and has cooperated with almost all car manufacturers.
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