Pandemic-related supply chain shortages are still in full effect — and in some cases, worsening.
The “painful period” of the semiconductor chip shortage could extend beyond 2022, Marvell Technology CEO Matt Murphy said during a CNBC Technology Executive Council event.
“Right now, every single end market for semiconductors is up simultaneously; I’ve been in this industry 27 years, I’ve never seen that happen,” said Murphy.
Other chip industry executives, such as AMD CEO Lisa Su, have signalled that additional manufacturing capacity will begin addressing those issues next year. According to CNBC, Murphy said “that’s not going to kick in until 2023 and 2024 — so there’s this painful period.” (He noted that Marvell is fabless and works with contract manufacturers on its designs.)
The shortage has harmed several sectors, but perhaps no more than the automotive industry where production has been slowed due to a lack of chips, leading to drops in sales.
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