ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

U.S. chipmaker GlobalFoundries to double auto chip output for 2021

Key semiconductor supplier warns global supply crunch will last 'well into' 2022

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."

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more