ON Semiconductor Steps In Amid Chip Shortage Crisis
ON Semiconductor is assisting customers affected by shortages caused by Dutch chipmaker Nexperia. CEO Hassane El-Khoury highlighted that the automotive industry's low chip inventories are a major factor in the crisis. The company aims to support its shared clientele to alleviate the shortage impact.
- Country:
- Netherlands
ON Semiconductor is stepping in to aid clients affected by supply shortages from rival chipmaker Nexperia. CEO Hassane El-Khoury assured stakeholders that the company is doing its utmost to support customers impacted by these disruptions, particularly in the automotive sector.
After announcing third-quarter results, El-Khoury spoke to analysts about the ongoing crisis. He emphasized that the automotive sector's habit of maintaining minimal chip inventories has exacerbated the current supply chain issues.
El-Khoury pledged ON Semiconductor's commitment to helping mitigate the repercussions for their shared customer base, showcasing the company's proactive approach in addressing the shortage challenges.
(With inputs from agencies.)
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