Intel CEO Pat Gelsinger expects the chip shortage to continue into 2024. In an interview with CNBC, Gelsinger says it’s hard to get “tools” to manufacture chips. As a result, meeting high demand remains difficult.
“This is one reason why we believe the semiconductor shortage will now continue into 2024, rather than our previous estimates of 2023,” Gelsinger said in the interview. .
Intel is the only US company that manufactures its own processors. A year ago, however, Gelsinger planned to manufacture some of its CPU products through TSMC. Intel is also expanding its business with Foundry services and making chips for other companies. According to Gelsinger, “Intel has always been better positioned in the market than its competitors, thanks to the combination of our internal capacity and the leverage of foundries. This is part of Intel’s structural advantage”.
In April, ASML CEO Peter Wennink warned that his company would not be able to meet the huge demand for lithography machines. About 60 percent of the 700 devices the company must produce on an annual basis can now be delivered. According to Wennink, this problem will continue to exist in 2023.
Sources: Bloomberg, CNBC
Source: Hardware Info
