There may not be an end to semiconductor shortages in the immediate future, Fuji Electric’s India boss Shivaji Waghmare told CNBC.
“The average semiconductor sourcing lead time today is anywhere between six months to two years,” said Waghmare, adding, “Some chips have sourcing lead times that are beyond two years.” He added that predicting when sourcing timelines would shrink was a difficult task.
“There is a lot of stress on the semiconductor supply chain and there is no sign of easing,” said the Fuji Electric India CEO in a chat with CNBC-TV18, “I don’t see an end to the shortage in the near future.”
He added that manufacturing of EVs is applying more stress on semiconductor supplies, and although several companies are increasing manufacturing capacity, this will take time.
Across the world, the semiconductor supply crisis persists even as chip manufacturers in China and Taiwan saw their capacities impacted last year thanks to long COVID-19 lockdowns. Today, these suppliers are contending with a logjam due to a long list of pending orders and supply chain interruptions.
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