Chip Shortages Will Continue in 2024, Says Intel CEO

Intel CEO Pat Gelsinger revealed some interesting insider news on the chip shortage during one of his interviews with CNBC. Talking about his perspective on the outlook for what the shortage looks like in upcoming years, he said that companies including Intel will suffer well into the long run. The initial semi-conductor shortage could very well leave a lasting impact up until 2024.

intel ceo 2022

The PC components have shown a stable availability but despite that, the shortage seems to be now hitting the manufacturing as well as the factory equipment. This explains why Intel is of the view that semiconductor shortages are to last for more than a year.

“That’s part of the reason that we believe the overall semiconductor shortage will now drift into 2024, from our earlier estimates in 2023, just because the shortages have now hit equipment and some of those factory ramps will be more challenged,”

— Pat Gelsinger, Intel CEO to CNBC

When it comes to Intel’s foundry plans, the company seems to have been making a lot of progress quickly since pat has taken the seat at the company as its CEO. Some of these plans include the multibillion fabs and strategies to allow other companies to manufacture their chips. Judging from these plans, Intel appears to be in a much better place than many other companies which largely depend on 3rd parties and their capabilities.

However promising they may seem, some of us see Pat’s remarks contradicting with the view of AMD’s CEO. According to Dr Lisa Su, these shortages seem to be ending by the end of this year. We will wait and see how impactful this shortage season has been for both Intel and AMD as both companies have many launches coming up in the next few months.