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Intel CEO: Chip Shortage Will Extend To 2024

Intel CEO Pat Gelsinger said that the global chip shortage would last at least until at least 2024

Philip Aladino

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Intel
Intel Chip shortage will be taking longer than expected | image for illustration (Smarttechvillas)

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  • Six months ago, Intel CEO Pat Gelsinger said that. He said that the global chip shortage would last at least until at least 2024.
  • On Thursday, Gelsinger said that for the first time in a long time, Intel’s factories and substrate supply were close to meeting the needs of its clients.
  • On Thursday, Gelsinger said that for the first time in a long time, Intel’s factories and substrate supply were close to meeting the needs of its clients.
  • A call on Thursday said that there will be problems with foundry space and tool availability for IDMs at least until 2024.
  • For more than 18 months now, Digitimes has said that chipmakers’ equipment suppliers haven’t been able to work.

Six months ago, Intel CEO Pat Gelsinger said that the global chip shortage would last at least until at least 2023. Now, he thinks we might not be out of the woods until at least 2024.

He said on Friday that he now thinks the overall semiconductor shortage will be in 2024, instead of 2023, because the shortages have hit equipment and some of those factory ramps will be more difficult.

A “chip shortage” isn’t just bad news. It’s a complicated, ever-changing situation that doesn’t affect every chip at the same time or every type at the same time. There are some industries and parts of the country that have been hit harder than others as time has gone on, but not all of them. As a matter of fact, Intel’s own chips are doing pretty well. On Thursday, Gelsinger said that for the first time in years, Intel fabs and substrate supply were close to meeting the demands of its customers.

He says the shortage will last into 2024 when he talks about how the industry will be able to meet the demand for new products being made on new lines, not just existing ones, and how long it will last. On a call on Thursday, he said there will be problems with foundry capacity and tool availability for IDMs until at least 2024. Recently, Digitimes said that chipmakers’ equipment suppliers have been backed up for more than 18 months. This is up from six months just last year.

CPUs, GPUs, and game consoles were some of the most well-known things that ran into shortages. It looks like supply and demand are already levelling out there. But there are still a lot of problems with the supply of networking chips. Gelsinger said that ethernet is a particularly hard “ecosystem supply constraint” that has slowed down PC shipments.

But that’s not the reason Intel’s Client Computing Group (which makes consumer processors, among other things) is down 13% this quarter. That’s not the reason. People and schools are buying fewer Chromebooks, and Apple has almost completely switched to its own M1 processor, leaving Intel laptops behind. Intel blamed that on a “ramp-up of the Apple CPU and modem business” and “OEM inventory burn.”


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Intel is one of the companies that is spending a lot of money on new production lines. They are building new fabs in Ohio, Arizona, and Germany, but the current timeline suggests that none of those new fabs will be up and running until the chip shortage is over. When the first new factories in Chandler, Arizona, startup, they won’t be ready for use until 2024, though.

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Dino is a Tech Consultant. Entrepreneur, Website/Blog Developer, Graphic Designer, Blogger and Digital Marketer, he has long been freelancing for more than 6 years before starting up Smartcoretech, during this time was writing for websites like Opera News Hub, Paulworkspace, thescoove.africa etc. He is currently reporting on tech related contents on company's such as Apple, Google, Microsoft, Xiaomi, Facebook, Twitter etc. He also writes on Phone Reviews and Movies. When he is not writing he is working as an IT Manager for a company in his Local. Feel free to contact him via any of the available channels present

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