Friday, March 24, 2023

End of the chip crisis in sight

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overcome this year

End of the chip crisis in sight

The global chip crisis, which has severely hampered important economic sectors in recent years, will be overcome in 2023 according to estimates by the leading US electronics association.

The global chip crisis, which has severely hampered important economic sectors in recent years, will be overcome in 2023 according to estimates by the leading US electronics association. (icon picture)

“The huge demand from the pandemic times is decreasing,” said Steve Koenig, chief market researcher of the CTA association, at the start of the CES technology fair in Las Vegas. This is initially good news, because chips are finally available again.

The excessively long lead times would slowly return to normal, also because more production facilities started operations. For the industry, however, this could also be a harbinger of problems: “We will develop from a chip shortage to a possible oversupply.”

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