The shortage of semiconductors, which has forced global carmakers to slow production, will persist until 2023, the head of the material manufacturing firm said on Friday.
The Corona virus epidemic has boosted consumer demand for electronic devices, but it is the auto sector that has been hit the hardest by the lack of key chips for many systems in modern cars, and many carmakers Have been forced to halt production lines.
The reduction will “easily last from six to nine-quarters”, which will put it in 2023, Paul Bodre, chief executive of SWITEC, told France’s Radio Classic.
The French firm is a leading producer of thin silicon wafers on which manufacturers make circuits to make semiconductors.
“We are in a situation where the auto industry is turning to its supply chain to manufacture semiconductors in search of greater productivity,” Bodre said.
“This capability does not exist today, it needs to be built, and it takes time to restore the whole chain,” he added.
Automakers initially downplayed the semiconductor shortage, saying it would be minor and brief, but the situation has begun to make it difficult to recover from the epidemic.
The decline comes as the industry seeks to accelerate its transformation into electric vehicles, which is expected to further boost demand for semiconductors.
Based in southeastern France, Sweetick employs more than 1,600 people, and expects sales to grow by 40% to 9 950 million in the fiscal year ending June 2022.
lby / rl / wdb