The head of Intel believes that the shortage of semiconductors will remain until at least 2024. This was stated by Pat Gelsinger at a meeting with shareholders following the announcement of the company’s quarterly financial report.
The head of one of the leading microprocessor vendors noted that the shortage of processors cost the US economy about $240 billion last year, and Intel expects foundry capacity and tooling challenges to continue through at least 2024.
Gelsinger stressed that he believes the industry is “at the start of a long period of semiconductor growth.” At the same time, the lockdown in Shanghai and the crisis in Ukraine demonstrate “the need for a more sustainable and geographically balanced semiconductor production.”
Recall that in January, Federal Reserve Chairman Jerome Powell said that the shortage of semiconductors will persist until 2023, inclusive, as the US administration has not yet been able to solve the problem of restoring supply chains.
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