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.