Home Tech & Gadgets When the semiconductor crisis ends: Intel boss has a possible answer

When the semiconductor crisis ends: Intel boss has a possible answer

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Experts, as well as veterans in the technology industry, have predicted that the worrying global semiconductor crisis will last for years, estimating a year for it. However, Intel chief Pat Gelsinger now says it could take longer than expected.

The CEO told TechCheck, CNBC, that he expects the problem to last until 2024, as the deficit has hit equipment production. This could make it impossible for companies to obtain key production tools and achieve targets that may be higher than before due to growing demand.

“This is part of the reason why we believe that the general semiconductor deficit will only disappear in 2024, despite our previous estimates of 2023, only because shortages have now hit the equipment,” said Pat Gelsinger, CEO Intel.

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The COVID-19 pandemic has upset the semiconductor market

The pandemic blockages of COVID-19 had a severe impact on the chip industry at a time when demand was rising. It has forced not only technology companies, but also automakers like GM and Ford to limit and even suspend production. Apple’s MacBook and iPad shipments were delayed due to component shortages, and smartphone shipments generally declined in late 2021. This negative impact on the technology and automotive industries has resulted in devastating economic consequences. according to CBS News. The global chip deficit will cost the United States $ 240 billion in 2021, according to expert estimates.

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Pat Gelsinger previously said he believes the situation will last until 2023, which is in line with the expectations of industry analysts. After Gelsinger became Intel’s CEO, the company announced several massive investments to expand chip production outside of Asia.

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