26 Aug 2021 -
 General

GlobalFoundries: Global chip output must double in 10 years to address shortages

According to Nikkei Asia, GlobalFoundries CEO, Tom Caulfield, the chip industry will need to double its production capacity in the next eight to 10 years to address shortages and growing government concerns over supply chain security.

“It needs our industry to double capacity in the next eight to 10 years,” the CEO said. “It took 50 years for the semiconductor industry to grow to half a-trillion-dollar industry, and we will need to do about the same in about a decade.”

Tom Caulfield pointed out that recently, geopolitics have made the industry aware of the importance of semiconductors, especially semiconductor manufacturing, to supply chain security, sovereignty security and economic security.

Tom Caulfield said that all parts of the world are competing for chip manufacturing capacity, and the foundry industry needs to keep up with the trend.

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Either through the hundreds of manufacturers we purchase directly from, or the international network of component supply-partners offering full product traceability, Astute Safe-Supply, run by sourcing experts and offers a deeper insight into the global components markets.

With real-time access to the latest listings and prices cultivated through several decades of close supplier partnerships, we are able to spot price disparities and leverage product price variances to deliver cost-effective solutions to customers, whilst ensuring a quality, risk-free supply.

For more help with looking at supply chain options, contact Astute Electronics here

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