Renesas CEO Hidetoshi Shibata said in a recent interview that the global chip shortage will ease by mid-2023.
Hidetoshi Shibata pointed out that at this stage, the shortage of chips in the automotive field is gradually easing, but the shortage still exists. More importantly, growth remains a strong driver for the foreseeable future, especially with ADAS and EV fundamentals intact, providing strong structural growth opportunities for automotive chip suppliers.
In addition, Hidetoshi Shibata revealed that Renesas does not plan to build a chip factory in the United States and will continue to expand production capacity in Japan. In terms of front-end production, regions like Europe or the U.S. may not have a good supply of raw materials, he said. In addition, Renesas is investing in related technologies such as addressing natural disaster challenges and maintaining some inventory for emergencies.