The global chipshortage has been easing in recent months, but Intel’s CEO says we’re not out of the woods yet, with problems expected until at least 2024.
If you’ve been hoping the PC chip shortage is going to end any time soon, Intel CEO Pat Gelsinger has some bad news for you. According to Gelsinger, things might not get back to normal until well into 2024.
In an interview with CNBC, Gelsinger explained that shortages are now affecting the supply of key manufacturing tools, instead of just causing a lack of materials used in the chips. Without those tools, making the chips becomes even more of a problem. The new 2024 date is later than many industry luminaries had predicted, including AMD CEO Dr. Lisa Su and Gelsinger himself. Before this interview, Intel’s CEO believed we would not see a “supply-demand balance” until 2023, with things gradually improving every quarter until then. That opinion now appears to have changed.
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