TSMC warns that chip shortages could last through 2022

News Technology

TSMC, the company that makes processors for Apple, Qualcomm, AMD, and other big tech companies, has recently said that that chip shortages could last through 2022. 

In a comment, TSMC CEO C. C. Wei said: “We see the demand continue to be high. In 2023, I hope we can offer more capacity to support our customers. At that time, we’ll start to see the supply chain tightness release a little bit.” as reported by Bloomberg.

The global chip shortage has impacted everyone from automakers to games console manufacturers. Car manufacturers have had to scale back production, while anyone looking to upgrade their gaming setup has struggled to find stock of new graphics cards, CPUs, PS5s and Xboxes.

TSMC says it’s already running its fabs at over 100 percent utilization,” but in the medium term it’s increasing investment in new production. We have acquired land and equipment, and started the construction of new facilities. We are hiring thousands of employees and expanding our capacity at multiple sites, Wei said in comments reported by Reuters.

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