Why some companies are buying used washing machines
Live MintA major industrial conglomerate has resorted to buying washing machines and tearing out the semiconductors inside for use in its own chip modules, according to the CEO of a company central to the chipmaking supply chain. That, I don’t think, is going to go away.” Even major chip equipment makers including U.S.-based Lam Research Corp. are struggling to get enough components to fulfill orders, potentially making it more difficult for semiconductor fabs to significantly increase their capacity in the near term. “On the demand side, the entire environment remains very strong, while continued supply-related delays could potentially limit how much wafer fabrication equipment investment can be executed in 2022,” Lam CEO Tim Archer said on an earnings call on Wednesday. Tesla Inc. said this week that production remains hampered by shortages and elevated prices for key components, while Volkswagen AG has cautioned to expect continued negative effects from chip scarcity. Taiwan Semiconductor Manufacturing Co., the world’s largest contract chipmaker, reiterated last week that its capacity remains tight throughout 2022.
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