Qualcomm CEO Cristiano Amon has claimed that the global chip shortage is easing with the situation expected to improve further in 2022. The availability of chips in 2022 should be significantly improved compared to 2020 Cristiano Amon told reporters in South Korea on Thursday. Qualcomm has struggled to meet the demand for its smartphone processors which has resulted in reduced smartphone production. The next-generation Qualcomm Snapdragon 8 Gen 1 processor recently announced by the company will be manufactured on Samsung Foundry's 4 nm node with the yield rate ultimately determining Qualcomm's ability to meet demand in 2022. This prediction is slightly more optimistic than other companies including Intel and IBM who don't expect the shortage to be resolved until 2023.