Infineon points finger at contract partners over chip shortages

By Reuters10 days ago

Reuters. FILE PHOTO: Ploss, CEO of German semiconductor manufacturer Infineon poses before the company's annual shareholder meeting in Munich

By Douglas Busvine

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BERLIN (Reuters) -German chipmaker Infineon (OTC:IFNNY) on Tuesday highlighted a lack of investment in new capacity by its manufacturing partners for tightness in semiconductor markets, saying it had invested to expand its own capacity to match market growth.

A snapback in demand for everything from smartphones to cars, following a slump caused by the coronavirus pandemic, has disrupted chip supply chains especially in the car industry.

Infineon said there have been bottlenecks in areas where it relies on contract manufacturers, known as foundries, such as TSMC, especially automotive microcontrollers and products used in the industrial internet.

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