Chip Shortage like to ease soon, Qualcomm CEO says

ARM

Qualcomm Inc CEO Steve Mollenkopf said he is “seeing improvement” in efforts to ease chip shortages that have caused disruptions across several industries, and that demand for older chips is easier to respond to.

Demand has soared for chips in recent months, with panic buying further squeezing capacity and driving up costs of even the cheapest components of nearly all microchips.

In a separate development, president and CEO of Micron Technology Inc Sanjay Mehrotra said the chipmaker would aim to increase its supply in line with the growing demand for the company’s products.

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