Intel CEO says chip shortage will last until 2024 16

Intel CEO says chip shortage will last until 2024

He considers the key problem to be the lack of lithographic equipment

Intel CEO Patrick Gelsinger, in an interview with TechCheck, expressed his opinion on the timing of the end of the current shortage of semiconductor products. If earlier the CEO of Intel predicted the end of the shortage of components in 2023, now he has changed his mind and calls to prepare for a more protracted crisis.

Moreover, he considers the key problem to be the lack of lithographic equipment necessary for the production of silicon wafers. For this reason, the deficit will drag on until 2024.

“This is one of the reasons why we believe that the general shortage of semiconductors will drag on until 2024. Simply because shortages have now hit equipment and it will be much more difficult for factories to overcome these hitches.”

At the same time, Gelsinger believes that his company is ready for difficulties much better than competitors due to the presence of its own production facilities. And thanks to these structural advantages, he hopes to return to the title of technology leader in the industry in the same 2024.