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Home » Market Update » Chip shortage could last through 2022, says GlobalFoundries

Tom Caulfield, CEO of largest U.S. chip foundry, GlobalFoundries, explained to CNBC why the semiconductor shortage could last through 2022.

Caufield said the company’s manufacturing capacity is completely booked and that industrywide semiconductor supply could lag behind demand until 2022 or later.

“Right now all our fabs are not only more than 100% utilized, we are adding capacity as fast as we can,” Caulfield said.

CNBC points out that GlobalFoundries manufactures secure chips for contactless payments, battery power management and touch display drivers. These chips first were used in large quantities for smartphones, but are now included in a wide range of products from cars to appliances, which has created a surge in demand.

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