Wafer Shortages ‘Constrained’ Revenue Growth, Says Nordic CEO
Bluetooth Low Energy specialist Nordic Semiconductor reported a 104% year-on-year quarterly revenue increase to $143.2 million, including Bluetooth revenue that surpassed $100 million for the first time, said CEO Svenn-Tore Larsen on its webinar Tuesday (see other Q1 materials here).…
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But shortages in available wafers “sort of constrained the growth,” despite “very good support from our vendors” including Taiwan Semiconductor Manufacturing Co., he said. “When I speak to TSMC, I'm very pleased to see their eagerness to correct the situation and their plans of CapEx spending over the next years to ensure capacity growth for all nodes,” said Larsen. “This is a matter of a temporary situation where we have to work and laser-focus together with our customers to create, as I said, minimum impact for them and come back much stronger when capacity eases.” TSMC outlined plans last week to invest $100 billion the next three years to boost wafer capacity, including $30 billion in 2021 (see 2104160038).