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US chipmaker GlobalFoundries to double auto chip output for 2021
Key semiconductor supplier warns global supply crunch will last 'well into' 2022
asia.nikkei.com, Sept. 16, 2021 –
TAIPEI -- Top U.S. contract chipmaker GlobalFoundries said it is on track to at least double its automotive chip output this year in response to an unprecedented global supply crunch and will spend a further $6 billion to expand overall production capacity.
The company warned, however, that its expansion plans will only start to bear fruit from 2023 and that the car industry will continue to face chip shortages "well into next year."
"We've been making great strides in creating more automotive capacity in 2021, and we will ship more than double the [chip] wafers into automotive than we did in 2020, and we expect to expand that capacity in 2022 and beyond," Mike Hogan, a senior vice president in charge of the automotive business at GlobalFoundries, said on Wednesday.
The company is investing "more than $6 billion" globally to increase capacity, he added, with $4 billion earmarked for expanding its site in Singapore and $1 billion each for expansions in the U.S. and Germany. "All of these wafers can be used for automotive applications," he said.
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