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Intel CEO Now Thinks Chip Shortage Will Last Until 2024

Intel CEO Pat Gelsinger now thinks the semiconductor shortage will last until 2024, which is likely to have knock-on effects for the gaming space as CPU and GPU prices remain high. The reason? Chip shortages are affecting the speed at which equipment used to make semiconductors can be made. In short: you need chips to make chips.

in an interview with CNBC, Gelsinger said: “This is part of why we believe the general semiconductor shortage will now reach 2024, from our previous estimates in 2023, just because the shortage has hit equipment and some of those factory ramps will be more challenged.” Gelsinger’s reference to ramps here refers to the process of “scaling up” the production of a new plant.

Gelsinger had previously said, and reiterated, that the scarcity would continue in 2023. Micron’s CEO said in march that shortages would continue into 2023, possibly further affecting the price of memory and SSD components.

At this point, it’s fair to wonder if it would be better if everyone stopped talking and got into the business of making chips. That said, Gelsinger’s tenure as Intel’s CEO has seen the company increase spending to build new semiconductor factories in the United States and Europe, in part in response to general global shortages. So he’s doing his part.

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