Lu Weibing, the Xiaomi President and Redmi General Manager, said that the global chip shortage that has affected various industries across the globe could optimistically end by the first half of next year.
As per the senior executive post on Weibo, a Chinese microblogging website, the major shortage of semiconductors is not a short term issue. He further added that it is impossible for the supply shortage for chips to be resolved within this year. Lu Weibing believes that even if one is being optimistic, the shortage will only ease up within the first half of 2021. For those unaware, the world is currently facing a major supply issue of semiconductors that has affected various industries.
This has impacted shipments of automobiles from car makers as they need chips for their cars, while even the smartphone and home appliance vendors are facing issues with chip supply for their electronic products. The official from the Chinese tech giant is also set to discuss the global semiconductor shortage in a public speech later this month on 26th May 2021.
Lu Weibing also believes that the chip shortage is also indicative of the growth in demand for 5G processors in smartphones, along with the growing need for high performance computing and even surge in popularity of smart cars and other smart internet of thing products as well. Meaning, supply has to catch up with the explosive demand that foundries are seeing all across the world for different industries.
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