Qualcomm chief sees advanced-chip supply rising

TAIPEI Wed Jun 13, 2012 6:51am EDT

A Qualcomm sign is seen at one of Qualcomm's numerous buildings located on its San Diego Campus February 7, 2011. REUTERS/Mike Blake

A Qualcomm sign is seen at one of Qualcomm's numerous buildings located on its San Diego Campus February 7, 2011.

Credit: Reuters/Mike Blake

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TAIPEI (Reuters) - U.S. chip maker Qualcomm Inc expects the supply of advanced 28-nanometre chips to increase, with supply to be under control towards the year-end, its chairman and chief executive said on Wednesday.

"The goal is to get enough supply for everyone," Paul Jacobs told Reuters on the sidelines of a business event in Taipei. Qualcomm is working with TSMC, the world's top contract chip maker, and other foundries to increase supply of the chips, he added.

Qualcomm had warned in April that it will have trouble meeting demand for some of its advance cellphone chips for the rest of the year due to manufacturing constraints and that will increase operating expenses faster than expected.

(Reporting by Clare Jim; Writing by Faith Hung; Editing by Chris Gallagher)

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