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CEO of STMicroelectronics: The global chip shortage will continue into 2023

author:IT House

IT home July 30 news According to Reuters news, Jean-Marc Chery, CEO of The European chip manufacturer STMicroelectronics (ST), said on the 29th that the global chip shortage will continue until 2023. Shelley said in an interview, "The chip shortage will gradually improve in 2022, but we will not return to normal until the first half of 2023." ”

He explains that the so-called "normal situation" refers to the return of chip inventory to average levels and the average delivery delay time of parts is less than 3 months.

CEO of STMicroelectronics: The global chip shortage will continue into 2023

▲ Image from Reuters

Shelley also said that chip shortages are spurring product prices, with ST's average price of chips rising by about 5 percent this year compared to 2020 and expected to grow further in the second half of this year and 2022.

IT Home learned that he also said that this year's situation is different from the past, everyone is waiting for Microsoft's latest Windows 11 official version of the operating system, Win11 system will stimulate computer consumer demand after the release, which means that chip manufacturers will face greater order pressure in the future. In addition, Shelley said that the company will only be able to meet the needs of 70% of its customers this year, and with the company's investment in real-time plans to increase capacity, it is expected to meet 85% to 90% of customer demand in 2022.