Here’s Why Intel CEO Believes Chip Shortage to Last Until 2024

[claireokc]

After predicting the global chip shortage would last until 2023, Intel Corporation CEO Pat Gelsinger is now suggesting the shortage could last until at least 2024. Gelsinger thinks that the industry can meet the demand for new products being built on new lines, not just existing ones; hence, the chip shortage will stretch into 2024. Talking about Intel’s position on handling the shortage, Gelsinger said, “For the first time in years, Intel fabs and our substrate supply are close to meeting our customers’ demand.” “We expect the industry will continue to see challenges until at least 2024 in areas like foundry capacity and tool availability as an IDM,” he said. ...

Source: https://www.theepochtimes.com/heres-why ... 39128.html