99 days ago • Posted by Martin Boujol
Qualcomm's warning that semiconductor shortage is spreading
And they would know what they are talking about, as Qualcomm is the world's largest phone chip maker. Like many other semiconductor companies, Qualcomm is struggling to meet the recent surge in demand, as both EVs and Electronics are hungry for chips to function. Covid-19 initially made the demand drop, but it quickly picked up pace when people started to work from home. The surge in demand for EV managed to sold out chips. Note that these will go to electronics in priority, as consumers electronic companies can offer better prices and quantity, partially thanks to much higher margins and volume on finished products. Qualcomm's shares closed at $162.30 yesterday, making the stock up 6.5% for the year.
Source: Bloomberg, Yahoo Finance