29 Mar 2021 -
 General

Intel CEO: extraordinary chip demand will take ‘a couple of years’ to fix

Intel

Intel CEO Pat Gelsinger commented on the global semiconductor shortage to Yahoo Finance, saying, “We can’t build fabs overnight, it takes a couple of years to get built up.”

Gelsinger blamed the shortage on very strong demand for computing equipment — from laptops used for work from home to tech in new cars — during the COVID-19 pandemic.

“There is an extraordinary demand for semiconductors as we’re seeing basically, the world is becoming more digital in every aspect,” he added.

The scarcity has prompted U.S. President Joe Biden to sign an executive order to address the issue, after he pledged to seek $37 billion in funding for legislation to supercharge chip manufacturing in the United States.

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.

Either through the hundreds of manufacturers we purchase directly from, or the international network of component supply-partners offering full product traceability, Astute Safe-Supply, run by sourcing experts and offers a deeper insight into the global components markets.

With real-time access to the latest listings and prices cultivated through several decades of close supplier partnerships, we are able to spot price disparities and leverage product price variances to deliver cost-effective solutions to customers, whilst ensuring a quality, risk-free supply.

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

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