On CEO Says Chip Supply Balance May Return in 2021

On Semiconductor expects chip "supply and demand to get back in balance when demand stabilizes later this year,” CEO Hassane El-Khoury told a Q1 call Monday. The higher “velocity” of increased demand will begin to “subside” in 2021's second half, “but will remain at a very healthy level,” he said. “We expect supply and demand to get back in balance when demand stabilizes later this year.” He conceded Q1 revenue of $1.48 billion “could have been higher if we didn’t have constraints in a perfect world.” That's a 16% year-over-year rise.