Nordic Chips Backlog Could ‘Stretch Into '23': CEO

The order backlog at Nordic Semiconductor “keeps increasing,” said CEO Svenn-Tore Larsen on a Q3 earnings call Thursday. It ended the quarter with a $1.3 billion backlog, “basically four times the backlog the same time last year,” he said. The chipmaker now worries its backlog will “stretch into '23,” he said. “The challenge we have at Nordic is to focus on the customer situation. We need to ensure we can give the Tier-1s the opportunity to grow the same as we keep our longtail customers happy.” The challenge is “very difficult with this constrained supply situation, but that's what we work on every day,” he said.