Chip shortage to last through 2022: Arm CEO

Lisbon: The shortage of computer chips that is hobbling auto manufacturers will last until the end of next year, the head of a leading designer of semiconductors said on Tuesday.

Arm Holdings chief executive Simon Segars said that the semiconductor industry is currently investing some $2 billion per week, which will eventually lift production by 50 percent, but that supply will remain tight in the near term.

“Where are we going to be next Christmas? I expect this supply chain constraints to be a little better but it won’t be completely fixed,” Segars said at the Web Summit in Lisbon.