“So frankly, we are looking at couple of years… before we get enough incremental capacity online to alleviate all aspects of the chip shortage,” he said.
Taiwanese manufacturing giants TSMC and Foxconn both see the chip shortage possibly extending into 2022. The crisis has already caused havoc across tech industries. Apple has warned of iPad and Mac shortages, while Sony doesn’t expect to keep pace with the spectacular demand for its Playstation 5 through next year.
The COVID-19 pandemic crippled worldwide chip production and also coincided with a breakdown in US-China relations, leading to chip-hoarding by China and a growing chip-making race between the two countries.