Intel’s CEO Predicts Chip Shortage to Last Until 2024

Intel CEO Pat Gelsinger predicts chip shortage will last until at least 2024. He says the industry will see challenges in areas like foundry capacity and tool availability.

Intel’s Client Computing Group (which handles consumer processors, among other things) is down 13 percent this quarter. Intel attributed that to a “ramp-down’ of the Apple CPU and modem business” and “OEM inventory burn” as well as “lower consumer and education demands.”

Intel is one of the companies investing heavily in new production lines, by the way, building new fabs in Ohio, Arizona, and Germany, though the current timeline suggests none of those new Fabs will go online until the chip shortage is over. In fact, Intel’s own chips are doing fairly well in the first quarter of this year. 

Intel CEO now expects chip shortage to last into 2024

Intel CEO Pat Gelsinger said the extended timeline for the chip crunch is now due to a lack of manufacturing equipment.

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Why the global chip shortage is making it so hard to buy a PS5

Manufacturing was hit with unusual issues and demand.

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Graphic chip price drop raises questions on whether end of shortage is in sight

A sharp drop in graphic chip prices could presage an unexpectedly quick ending to a global chip crunch that has crippled manufacturing from smartphones to cars, and the issue will be a central one for companies reporting results this week. The trigger is a drop in prices of GPUs, or graphics processing units, which are the brains of gaming machines and are spreading to other uses. Analysts at Baird recently downgraded GPU maker Nvidia to neutral after prices dropped.

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