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Intel says the PC chip shortage is far from over; Normalcy is expected by 2024

Features

Oy-Vishal Kawadkar

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If you think PC chip shortage days are coming to an end soon, Intel may have some bad news for you. According to Intel CEO Pat Gelsinger, the shortage is far from over and conditions will not be normal until 2024.

Intel says the PC chip shortage is far from over;  Normalcy is expected by 2024

This shortage has been sweeping the headlines for a long time, but the recent outlook has been somewhat positive. GPU supplies have increased and prices have been declining over the past few weeks. This means there is some hope left. However, Gelsinger feels that something has happened that will change the whole scenario.

Why so late?

In an interview with CNBC, he explained that instead of a shortage of materials needed to make chips, chip shortages began to hamper the supply of key manufacturing tools. The shortage of these tools makes it even more difficult to create new chips.

“We believe that the total semiconductor shortage from our previous estimates in 2023 will now shift to 2024 because the shortage has now hit equipment and some of those factory ramps will be even more challenging,” Gelsinger said.

AMD CEO Dr. The new 2024 date is coming later than many industry luminaries, including Lisa Su and Gelsinger. Before talking to CNBC, Intel’s top man believed that things would be back on track until 2023, by which time things would gradually improve every quarter. That perspective seems to have changed over time.

Time to lower expectations

With the epidemic creating major supply chain problems, Intel is in the process of diversifying its manufacturing plants by setting up factories in Europe and the US.

“We really invested in relationships with those devices, but it boosts capacity for us and everyone else, but we believe we are in a better position than the rest of the industry,” Gelsinger said.

Since the shortage is expected to continue for the next 18 months, it is a good idea to lower your expectations of when chip prices will fall and availability will improve in the coming days. Despite some improvements, there is still a long way to go according to the latest news from Intel.

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Article first published: Tuesday, May 3, 2022, 9:30 [IST]

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