Intel CEO Say Global Chip Shortage Could Last Until 2023!

August 20, 2021

Intel CEO Say Global Chip Shortage Could Last Until 2023!

The global chip shortage that has hamstrung manufacturers across the world may go on for some time yet, according to Intel’ CEO Pat Gelsinger.

"While I expect the shortages to bottom out in the second half, it will take another one to two years before the industry is able to completely catch up with the demand,” said Gelsinger as he announced the company’s Q2 2021 earnings.

The on-going silicon crunch is the result of a multitude of factors, which can be traced back to the beginning of the pandemic, starting with the shuttering of production facilities due to health protocols, coupled with the sudden rise in demand for tech gear, including laptops and tablets as people around the world were forced to work and study remotely due to worldwide lockdowns. 

A severe drought in Taiwan, which forced the country to divert water supply from several industrial areas, including a hub of semiconductor manufacturing, further compounded the global shortage.




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