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No relief in sight for automakers: Global semiconductor shortage likely to last until end-2022, says Arm CEO
FirstpostThe semiconductor industry is currently investing some $2 billion per week, which will eventually lift production by 50 percent, but supply is set to remain tight in the near term. Arm Holdings chief executive Simon Segars said that the semiconductor industry is currently investing some $2 billion per week, which will eventually lift production by 50 percent, but that supply will remain tight in the near term. “This isn’t a short-term problem with a short-term solution.” Britain-based Arm is a designer of computer chips that are used to power many consumer electronics devices, and is in the process of being bought by US firm Nvidia from Japan’s Softbank in a $40 billion deal. Segars, who was among the first employees Arm hired after its founding in 1990, said the semiconductor industry is known for being cyclical but that the current situation is unprecedented.
History of this topic
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