📊Executive Summary

The global chip shortage is expected to persist into 2022, as highlighted by executives from Renesas Electronics and Innolux Corp. Renesas CEO Hidetoshi Shibata noted that despite ramping up production, demand continues to exceed supply, with their factories operating at 60% utilization. The company is pushing its 200mm Kyushu production line to near capacity and utilizing its Naka facility to increase output of vehicle MCUs and SoCs. Innolux's president, James Yang, echoed these concerns, stating that tight foundry capacity in Taiwan is exacerbating the situation, particularly for 5G chips and automotive PMICs. The ongoing supply crunch is expected to extend lead times across the industry, with some panel lead times projected to increase by 3-5%....