Infineon CEO says chip provide will stay tight in 2022

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Speaking on the Handelsblatt Automotive Summit, Chief Executive Reinhard Ploss stated car manufacturing and chip provide may very well be balanced by the third quarter.

Infineon, which derives about 40% of its gross sales from the automotive sector, expects to maintain supplying crucial semiconductors within the sector nicely into the following yr, chief govt Reinhard Ploss stated on Tuesday.

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Speaking on the Handelsblatt Automotive Summit, Ploss stated car manufacturing and chip provide may very well be balanced by the third quarter.

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With inputs from NDTV

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