Chipmakers racing to expand capacity; warn of continued shortages, price hikes

Singapore

DEMAND for semiconductors is soaring, but the world's top chipmakers have struggled to capitalise on the situation due to a supply chain crunch. Market watchers said this could result in higher prices for end consumers, even as the semiconductor suppliers invest in increasing capacity.

Micron Technology, for instance, managed to beat analyst estimates in its fourth quarter revenue and earnings, but disappointed analysts with its outlook.