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Qualcomm: Chip shortages will persist in first half of 2022 – IT Pro – News

According to Qualcomm, the chip shortage will continue until the first half of 2022. This is what the Wall Street Journal wrote. Investment results are expected in the second half of 2022. Qualcomm reported revenues of $8.1 billion and profits of $2 billion in the first quarter.

According to CEO Cristiano Amon, Qualcomm sometimes uses multiple third parties to produce the same chipset. In this way, the company hopes to conserve supplies. after Amon Fulgens Wall Street Journal This demand still outstrips supply. This announcement was made during the announcement of the quarterly results.

According to the WSJ, he was joined by Chief Financial Officer Akash Palkhiwala: “We are limited in our options until the beginning of 2022. Starting from the second half of that year, many investments will start to produce results and the situation will improve,” it seems.

Qualcomm Booked in the last quarter Revenues of $8.1 billion. The company exceeded its own expectations. Profit 2 billion dollars. Qualcomm estimates it could generate $9.2 billion in revenue in the next quarter, which would be a record for the company.

Update, 10:15 p.m.: Title and introduction edited. The original title suggested that the problems would continue until the second half of 2022. Courtesy of CyberMania.

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