Oct 3, 2022, 9:48 AM EDT
Qualcomm CEO Cristiano Amon predicted the chip shortage could wane by 2023, but that demand for semiconductors will drastically increase in coming years.
CEO Cristiano Amon told Fox Business that strict lockdowns in China have affected his business more than inflation, but Qualcomm has continued to grow.
Whether buying computer chips directly from manufacturers, reconfiguring cars, or producing them with parts missing, automakers are having to get creative to cope with the global shortage of semiconductors.
Qualcomm Inc. posted record quarterly sales and forecast further growth amid surging demand for 5G smartphones in the face of supply-chain constraints.