Intel CEO: Semiconductor Shortages to Continue until 2023 - News
by William D'Angelo , posted on 24 October 2021 / 1,889 Views
Intel CEO Pat Gelsinger an interview with CNBC said the semiconductor supply shortages are at the worst point right now and expect every quarter next year to improve. However, supply meeting demand levels isn't expected until 2023.
"We’re in the worst of it now, every quarter next year we’ll get incrementally better, but they’re not going to have supply-demand balance until 2023," Gelsinger said.
AMD CEO Lisa Su earlier this month said she expects the chip shortages to continue through the first half of 2022 with supply becoming less severe in the second half of 2022.
Head of Xbox Phil Spencer has previously said the console shortages will continuer into 2022.
"I think it's probably too isolated to talk about it as just a chip problem," Spender said at the time. "When I think about what does it mean to get the parts necessary to build a console today and then get it to the markets where the demand is. There are multiple kind of pinch points in that process.
"I think regretfully it's going to be with us for months and months. Definitely through the end of this calendar year and into the next calendar year."
The Xbox Series X|S and PlayStation 5 consoles have faced shortages since they launched in November 2020. The latest RTX graphics cards have also been hard to find.
A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel dedicated to gaming Let's Plays and tutorials. You can contact the author at wdangelo@vgchartz.com or on Twitter @TrunksWD.
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2023??!!!
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Not good news. Let's see what Sony and MS will do to bring us record number of consoles made.
It might be out of their hands.
Maybe the profit margins will increase on the consoles as time goes on. Then they can throw some extra money towards increased supply, but they'll be paying out the nose for it with how things are now.
It's all going to come down to increased profits. If they think money spent will turn into dollars made, they'll do it, but no company wants to increase the manufacturing cost of the console if it's already at or above the break even point. Even if it translates to increase profits later on, they won't want to hurt the bottom line for the current year.
Well that sucks.... :(
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