Intel CEO Pat Gelsinger says the global chip shortages that have stalled some electronics manufacturing will continue into 2023, even as chip makers rush to increase production.
“The overall semiconductor shortage is quite significant and the semiconductor industry was growing about 5% per year before COVID,” Gelsinger said last week.
“Covid disrupted the supply chains, causing it to go negative’, Intel boss Pat Gelsinger told Nikkei. “Demand exploded to 20% year-over-year and disrupted supply chains created a very large gap … and that exploding demand has persisted.”
If Covid ever ends then that will help the situation but the industry is also investing in new factories, to increase production, with Geslinger making his comments last week at a new plant in Malaysia.
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