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Infineon says foundries have not invested enough

BERLIN, May 4 (Reuters) - German chipmaker Infineon said on Tuesday that its contract manufacturing partners had not invested enough in keeping up with demand, and that new capacity would only come into operation from 2023.

CEO Reinhard Ploss said that while Infineon had invested to match capacity with expected market growth, “foundries have not invested enough to keep up with the situation”.

Chief Operating Officer Jochen Hanebeck said supply of 20- to 90-nanometer chips was rather short. “Foundries are investing now but the lead times to get this new capacity on board will be into 2023,” he told analysts on a conference call. (Reporting by Douglas Busvine, editing by Thomas Escritt)

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