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Chip shortage to last until 2023, UMC president says

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The global semiconductor shortage is expected to last until 2023 as the COVID-19 pandemic boosts demand for chips for automobiles and smart home devices, United Microelectronics Corp (UMC) copresident Chien Shan-chieh said recently.
 
Speaking at the company’s annual general meeting in Hsinchu, Chien said that while the COVID-19 pandemic has had an adverse impact on the global economy, digital transformation has accelerated growth in the semiconductor industry.
 
Chip supply would fall short of demand and only worsen in the short term, with a shortage of 8-inch and 12-inch wafers set to be the most severe, Chien said.
 
As demand continues to soar, the global chip shortage is likely to last beyond next year until 2023, he said.
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