October 6, 2021
I’ve been in this industry 27 years, I’ve never seen that happen.Marvell CEO Matt Murphy on the semiconductor industry shortage.
- Marvell makes semiconductors – small computer chips that have a big impact on electronics.
- Murphy went on to summarize the issue in the industry this way: “If you look at how many masks or hand sanitizers or toilet paper that is flowing around, there was a panic, and there’s a panic buy on semiconductors right now.”
- Over the last year, a chip shortage – partly a result of supply line disruptions due to the pandemic and fluctuating demand (cancellations and surges in orders) – has impacted everything from car to computer sales.
- Why This Matters: A lack of these miniature chips can slow down big business and disrupt the flow of commerce, impacting the broader economy.
by Jenna Lee,