05 Feb 2021 / 01:59 H.
REUTERSPIX
BERLIN: German chip maker Infineon said on Thursday it was facing challenges to meet auto industry demand for microcontrollers due to capacity constraints at the contract manufacturers it relies on.
But the top automotive chip supplier said it was coping with rising demand for power chips and sensors that it makes itself, and forging closer direct ties with carmakers like Volkswagen to better serve their needs.
"Semiconductor shortages are being felt in the overall automotive supply chain and the recovery is happening faster than expected," CEO Reinhard Ploss (
pix) said after Infineon reported forecast-beating quarterly results.
"It will take time to bring more capacity online."