Infineon sees the end of the chip crisis in 2023

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According to Infineon’s automotive boss Peter Schiefer, the chip crisis should be over by 2023. Since June 2020, companies have been receiving more new orders than they can process.

(Photo: dpa)

Berlin The semiconductor manufacturer Infineon expects the chip crisis in the automotive industry to end in the next twelve months. “I assume that we will be able to cover the demand well in 2023,” said Infineon’s automotive boss Peter Schiefer of “Automobilwoche” in an interview that was distributed on Sunday. “For microcontrollers that we have manufactured externally, we will still have a strong limit in 2022.”

But the second half of the year will be better than the first. With self-manufactured products such as power electronics and sensors, there are no longer any bottlenecks today. “And we will be able to deliver as far as possible by the summer,” said Schiefer. “The final issues will be resolved in 2023.”

At the same time, slate announced a significant expansion of production. “We will greatly expand our capacities and invest in Villach, for example, to meet the growing demand for silicon carbide.”

The shortage of semiconductors and other products has slowed down the German economy. The lack of components is particularly problematic for the automotive industry. The production gap in the entire industry has risen to seven and a half percent as a result, as determined by the employer-related Institute of German Economics (IW Cologne).

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In view of the production bottlenecks, more and more orders are piling up there: Since June 2020, companies have been receiving more and more new orders than they have been able to process, as determined by the Federal Statistical Office. Experts predict that the mountain of orders can be processed by ramping up production if the material bottlenecks ease significantly from early summer with the expected falling corona numbers.

More: Chip supplier ASML: Europe’s most valuable tech group is struggling with the flood of orders

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