It doesn’t appear that many executives are confident about a short-term resolution to the global chip shortage affecting the gaming industry, auto industry, and numerous other tech industries. Count Intel CEO, Pat Gelsinger, as one of the many who doesn’t see the shortage ending this year, or even the next.
“[W]e believe the overall semiconductor shortage will now drift into 2024,” said Gelsinger. “Beyond the gaming world, many have been affected by the strain of parts in the last two years, including car manufacturing and the tech industry, which both rely on the chips.”
The shortage was believed to drag into 2023 after a tough two years for the industries that depend on the part, and Gelsinger had agreed with these predictions during an earnings call last July, and in October of 2021. But now, the shortage will continue to create supply chain issues for gaming consoles, computers, cars, and other types of tech.
Gelsinger added that Intel is doing its best to meet demand with its own chips and is almost keeping pace.
(All information was provided by Audacy)