Intel CEO Pat Gelsinger (Pat Gelsinger) said on Thursday that the chip shortage will last longer than expected, now expected to last until 2024.
Kissinger said he had previously expected the global chip shortage to last until 2023 and could now last longer as chipmakers struggle to buy enough manufacturing equipment to ramp up production to meet demand.
“We now think the chip shortage will continue into 2024. In a way, it’s a supply chain statement because we’ve seen that equipment shortages have really impacted the industry’s ability to increase supply at the rate we previously expected. "
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