Title: Microchip incoming CEO: Chip shortage could last until 2022 | The Burn-In
Headings: Microchip Technology incoming CEO, analysts believe semiconductor shortage could extend into 2022
Microchip Technology incoming CEO, analysts believe semiconductor shortage could extend into 2022
Why the Semiconductor Shortage Could Persist Into 2022
Market Analysts Agee with Microchip
Potential Near-Term Easing of the Chip Crunch

Content: He is also concerned that manufacturers will overcorrect because of the crisis and create an industrywide inventory glut. Matthew Sheerin, a Stifel analyst, believes the lack of production capacity will push the component shortfall beyond the near term. He worries that rising raw materials costs and new supply chain disruptions could exacerbate the bottleneck. As it happens, Samsung Electronics, NXP Semiconductors, and Infineon Technologies recently shuttered their foundries in Austin, Texas, due to a harsh winter storm. TrendForce estimates the abrupt closures will impact silicon wafer and NAND/SSD controller availability. In addition, reports have also emerged that Broadcom has pushed its lead times to 50 weeks due to the shortage. Similarly, 50 percent of Osram’s automotive components are purportedly on allocation, while its lead times are 20 to 24 weeks. Those developments indicate car, electronics, and other manufacturers will be dealing with parts scarcity for longer than initially projected. Potential Near-Term Easing of the Chip Crunch
Despite the crisis’s scope, various chipmakers and foundries have moved to alleviate the supply crunch in the near-term. Microchip has adjusted its procedures to serve its automotive clients better.