Warning From Major Chipmaker Adds to Worries Industry Will Produce More Than Demand
- It’s a “dangerous argument” to think this time is different
- Automakers and others have lost sales because of shortages
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Chipmakers from Taiwan to the U.S. are cranking up production to address shortages that have hammered automakers and other customers as they try to emerge from the coronavirus pandemic.
Now that unprecedented surge investment is fueling fears the industry will overshoot, adding so much capacity in the years ahead as demand subsides that profits will take a hit.