22 Dec 2021 -
 General

Intel CEO: Chip shortages will extend to 2023

Intel

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.

To avoid electronics supply-chain disruptions, you may also wish to consult an expert in electronics component supply. With more than three decades of supply-chain expertise, Astute Electronics is ideally placed to work with you on your daily component requirements.

For more help with looking at supply chain options, contact Astute Electronics

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