Nokia CEO: Global chip shortage will continue until 2023 « Naijatechnews

Nokia CEO: Global chip shortage will continue until 2023

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Nokia CEO Pekka Lundmark (Pekka Lundmark) said today that the global semiconductor shortage problem that plagues automakers, data center owners, and electronic product manufacturers has evolved into a problem. The field may drag on to the “battle” in 2023.

Lundmark said in an interview: “There is a battle going on. The global semiconductor shortage may continue for a year or even two years. This situation will not disappear in the short term.”

Network equipment manufacturers such as Nokia and Ericsson are major customers in the semiconductor industry. In order to launch a new generation of 5G networks, these companies are investing billions of dollars in funds. And people are worried that the shortage of chips may cause the delay of 5G network launch.

At the same time, this also makes Nokia’s efforts to win the 5G advantage more complicated. Currently, Nokia has fallen behind competitors such as Ericsson in the 5G market.

Lundmark said that Nokia’s management is spending more and more time trying to solve this problem, although the current impact on the company’s operations is “not very significant.”

In addition to network equipment manufacturers such as Nokia, companies such as Apple, Samsung Electronics, and Honda Motor have also encountered chip supply shortages.

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