© Reuters. FILE PHOTO: Steve Mollenkopf, Qualcomm CEO, speaking at the fifth WIC opening ceremony in Wuzhen
SHENZHEN, China (Reuters) – Qualcomm CEO Steve Mollenkopf (NASDAQ 🙂 Inc. says he is “seeing an improvement” in an attempt to alleviate a chip shortage that has caused disruptions in some industry and demand for old chips are easier to respond to.
Demand for chips has skyrocketed in recent months, with panic buying more squeezing capacity and increasing the cost of even the cheapest components of nearly all microchips.
“There is a possibility that the market responds more quickly to some older buttons than newer ones, so depending on the product, you might have some improvements,” Mollenkopf said, speaking via videolink in China. Development Forum in Beijing on Saturday.
Speaking on the same board, President and CEO of Micron Technology Inc (NASDAQ 🙂 Sanjay Mehrotra said chipmakers will aim to increase supply in line with growing demand for company’s product.
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