Qualcomm’s shortage of older chips could soon ease up, suggests CEO

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Qualcomm Inc CEO Steve Mollenkopf mentioned he’s “seeing improvement” in efforts to ease chip shortages which have induced disruptions throughout a number of industries, and that demand for older chips is simpler to reply to.

Demand has soared for chips in latest months, with panic shopping for additional squeezing capability and driving up prices of even the most cost effective parts of almost all microchips.

“There’s an ability for the market to respond more quickly to some of the older nodes than the newer nodes, so depending on the product, you may be in a position to get some improvement,” Mollenkopf mentioned, talking through videolink on the China Development Forum in Beijing on Saturday.

Speaking in the identical panel, president and CEO of Micron Technology Inc Sanjay Mehrotra mentioned the chipmaker would intention to extend its provide according to the rising demand for the corporate’s merchandise.

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