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Wednesday, June 7, 2023

Intel CEO Believes Chip Shortage is Only at Halfway Point

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Intel  (INTC) – Get Intel Corporation Report CEO Pat Gelsinger mentioned the chip scarcity is beginning to enhance, however will doubtless proceed for not less than one other 18 months.

The semiconductor business has been hit laborious with shortages stemming from provide chain bottlenecks attributable to the worldwide pandemic and up to date lockdowns in China. The lack of provide has been broadly felt in sectors akin to automotive and pc manufacturering.

“You know, we’re about halfway through,” Gelsinger advised Yahoo Finance Live on the World Economic Forum in Davos, Switzerland. “And my expectation now is that it persists through 2024.”

Source: www.thestreet.com

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