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A major industrial conglomerate has resorted to buying washing machines and tearing out the semiconductors inside for use in its own chip modules, according to the CEO of a company central to the chipmaking supply chain.
A major industrial conglomerate has resorted to buying washing machines and tearing out the chips inside for use in its own chip modules, the CEO of a company central to the semiconductor supply chain has said. ASML Holding NV CEO Peter Wennink remarked on the situation, without naming the conglomerate, during his company’s earnings call on Wednesday. The beleaguered firm relayed its struggle to him only the previous week, he said, signaling that chip shortages are going to persist for the foreseeable future, at least for some sectors. “The demand we are currently seeing comes from so many...