Chip shortage to last until 2023, UMC president saysHUGE DEMAND: UMC’s revenue grew 26 percent last year, while operating income surged to NT$22.01bn, reflecting solid utilization rates across all its facilitiesStaff writer, with CNAThe global semiconductor shortage is expected to last until 2023 as the COVID-19 pandemic boosts demand for chips for automobiles and smart home devices, United Microelectronics Corp (UMC, 聯電) copresident Chien Shan-chieh (簡山傑) said yesterday. Chip supply would fall short of demand and only worsen in the short term, with a shortage of 8-inch and 12-inch wafers set to be the most severe, Chien said. Photo: Grace Hung, Taipei TimesAs demand continues to soar, the global chip shortage is likely to last beyond next year until 2023, he said. Shareholders of UMC, the world’s third-largest contract chipmaker, yesterday during the online meeting approved a plan to distribute a NT$1.6 cash dividend. The company last year posted consolidated revenue of NT$176.82 billion, or earnings per share of NT$2.42, up 19.3 percent year-on-year.

Source: Taipei Times July 07, 2021 15:56 UTC