Intel CEO says chip shortage could stretch into 2023

Date:
Fri, 23 Jul 2021 12:02:53 +0000

Description:
It might take up to two more years to fully catch up to demand, says Intel CEO.

FULL STORY ======================================================================

Intel s CEO Pat Gelsinger has reiterated his position on the global chip shortage, which he thinks will extend into 2023.

The on-going silicon crunch is the result of a multitude of factors, which
can be traced back to the beginning of the pandemic, starting with the shuttering of production facilities due to health protocols, coupled with the sudden rise in demand for tech gear, including laptops and tablets as people around the world were forced to work and study remotely due to worldwide lockdowns.

A severe drought in Taiwan , which forced the country to divert water supply from several industrial areas, including a hub of semiconductor
manufacturing, further compounded the global shortage. Take a look at these best laptops for business We've put together a list of the best workstations on the market Heres our collection of the best best mobile workstations

"While I expect the shortages to bottom out in the second half, it will take another one to two years before the industry is able to completely catch up with the demand, said Gelsinger as he announced the companys Q2 2021
earnings. Building capacity

Gelsinger also used the opportunity to point out that Intels IDM 2.0 strategy is helping the chip giant weather the storm.

IDM 2.0 is Intels overhauled take on its integrated device manufacturing
(IDM) model, which Gelsinger announced earlier this year.

The strategy has already been put into action with the chip giant investing billions of dollars to upgrade and create new chip fabrication units in the US, and is also lobbying for a multi-billion dollar collaboration with the EU to help it double its semiconductor production by 2030.

The real kicker though would be Intels acquisition of GlobalFoundries, which operates a number of chip foundries around the world. The two are reportedly in talks , although there has been no official confirmation from either
party.

Revenue-wise, Q2 2021 was another strong quarter for Intel. Despite the
supply chain challenges, Intel generated $18.5 billion in revenue, riding
once again on PC sales, just as it did in its Q1 2021 earnings . Weve also rounded up the best tech for hybrid working



======================================================================
Link to news story: https://www.techradar.com/news/intel-ceo-says-chip-shortage-could-stretch-into -2023/


--- Mystic BBS v1.12 A47 (Linux/64)
* Origin: tqwNet Technology News (1337:1/100)