Chip Supply, Demand to Return to ‘Normal’ in Q2 2022: Gartner

The global chips shortage will persist through 2021, and likely won’t recover to “normal levels” until Q2 2022, reported Gartner Wednesday. The shortage will continue to “constrain” production of many “electronic equipment types,” said analyst Kanishka Chauhan. “Foundries are increasing wafer prices, and in turn, chip companies are increasing device prices.” The shortage started mainly with power management devices, display drivers and microcontrollers and extended to substrates, wire bonding, passives, materials and testing, said Gartner.