STMicro CEO says chip demand to exceed group capacity all year

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Reuters UK

By Mathieu Rosemain PARIS (Reuters) -Demand for semi-condutors will exceed STMicroelectronics’ capacity for the rest of the year, the boss of the Franco-Italian chipmaker said on Wednesday, as the disruption of COVID-19 and war in Ukraine overshadows the sector. The combination of conflict and renewed lockdowns has already affected some of STMicro’s bigger peers, such as Texas Instruments, adding to concerns over STMicro’s ability to meet earlier stated targets. “Our sales and operating plan show our capacity fully saturated above 90% for the full remaining year,” Chief Executive Officer Jean-…

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