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Infineon CEO: chip supply to remain tight in 2022

Infineon CEO: chip supply to remain tight in 2022
Infineon CEO: chip supply to remain tight in 2022   -   Copyright  Thomson Reuters 2021
By Reuters

FRANKFURT – Infineon, which gets around 40% of its sales from the automotive sector, expects the supply of crucial semiconductors to the sector to remain tight well into next year, Chief Executive Reinhard Ploss said on Tuesday.

Speaking at the Handelsblatt Automotive Summit, Ploss said that vehicle production and chip supply could be balanced by the third quarter.