The ongoing shortage of semiconductor chips, which is undermining major industries, is expected to extend into next year and potentially beyond, Matt Murphy, CEO of chip maker Marvell Technology, has told CNBC.
“Right now, every single end market for semiconductors is up simultaneously; I’ve been in this industry 27 years, I’ve never seen that happen,” Murphy said, adding: “If it stays business as usual, and everything’s up and to the right, this is going to be a very painful period, including in 2022 for the duration of the year.”According to Murphy, the shortage may be addressed as the …
