By using this site, you agree to our Privacy Policy and our Terms of Use. Close
Intel CEO: Semiconductor Shortages to Continue until 2024

Intel CEO: Semiconductor Shortages to Continue until 2024 - News

by William D'Angelo , posted on 02 May 2022 / 3,760 Views

Intel CEO Pat Gelsinger an interview last year said he expects the semiconductor supply shortages to continue until 2023. However, in a new interview with CNBC Gelsinger says shortages are likely to continue into 2024.

The shortages lasting longer than originally expected are due to the limited availability of manufacturing tools.

"That’s part of the reason that we believe the overall semiconductor shortage will now drift into 2024, from our earlier estimates in 2023, just because the shortages have now hit equipment and some of those factory ramps will be more challenged," said Gelsinger.

Intel CEO: Semiconductor Shortages to Continue until 2024

Intel is investing heavily to build new semiconductor factories in the US and Europe. However, it takes time to build these factories. 

"We’ve really invested in those equipment relationships, but that will be tempering the build-out of capacity for us and everybody else, but we believe we’re positioned better than the rest of the industry," Gelsinger said.

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 or on Twitter @TrunksWD.

More Articles

JEMC (on 02 May 2022)

First they said mid-2022. Then they moved that to 2023 and now they are starting to say it will be 2024. This only means that no one has any redacted idea of when the shortages will end, if at all.

  • +16
method114 JEMC (on 02 May 2022)

Yea I noticed that a long time ago and realized it then.

  • 0
Trentonater JEMC (on 02 May 2022)

Befcause the increase in demand is permanent and not some temporary covid bump. And demand was expected to go down at first so there's a backlog that only gets bigger. Demand can only be met when those new factories are up and running.

  • +7
JEMC Trentonater (on 02 May 2022)

True, but look who made those comments: the CEOs from Intel, AMD and Nvidia. If they can't see what's going on and what's going to happen, then we have a problem.

  • +5
mjk45 JEMC (on 02 May 2022)

Still even those guys are at the mercy of sudden events like the present China lockdown it's not that long ago that China was boasting about it's covid policy having stopped covid in it's tracks and pouring scorn on the Wests covid policies .

  • +6
Pemalite JEMC (on 03 May 2022)

I said several years ago that it will trend into 2024 due to a myriad of factors that have caused these systemic issues... Many thought it was all going to end in 2022. They were wrong.

Fabs literally take years to build.

  • 0
VAMatt (on 02 May 2022)

The silver lining is that several years from now, when all of this new production comes online, prices are gonna drop like a brick.

  • +8
Tridrakious VAMatt (on 02 May 2022)

Here's hoping

  • 0
2zosteven (on 02 May 2022)

i got my series X :)

  • +8
Mr.GameCrazy 2zosteven (on 03 May 2022)

Nice! I got mine in March! :D

  • +1
Pemalite (on 02 May 2022)

I mean... I didn't forecast this years ago on the forums or anything... With appropriate breakdowns on why and where. :P

This perfect storm was able to be seen a long time ago, probably around when AMD sold it's Fabs.

2022-2023 should see an easing though, which will make life a little easier.

  • +2
mjk45 Pemalite (on 02 May 2022)

Even so the fabs are only one part of the problem , it goes way deeper, the good ship and pride of the line SS. Globalisation that's enabled and fuelled the never ending consumption needs that capitalism is built upon turned out to be another Titanic and like that fated ship Globalism also turned out not to be unsinkable and surprise surprise the hole the covid iceberg opened up didn't stop there but exposed the myriad of other faults in the rest of the global fleet and just like the Titanic there weren't enough life boats and now we are scrambling not just to build more lifeboats but finding safe ports for then to land.

  • 0
Pemalite mjk45 (on 03 May 2022)

It goes deeper than just manufacturing and logistics as well.

Just the infrastructure to support fabs is massive, require allot of water and electricity... Hence why Taiwan and Japan had a few issues in the past.
Many fabs don't have backup power generation for example... Samsung for example lost like $250 million dollars worth of wafers last year.

But some of the materials required for making processors are also in short supply across the world as they are also used in other industries.

Globalization isn't always a bad thing either, it allows for some supply redundancy in the event of a failure or natural disaster...

  • 0
mjk45 Pemalite (on 03 May 2022)

I agree globalism isn't all bad but what covid has shown us that while the economy is global the infrastructure underpinning it isn't with to much reliance on the Wests factory China for both cheap labour and manufacturing the same can be said for Taiwan when it comes to chips and them having a water shortage doesn't help when your industry relies on billions of mega litres of filtered water that is so clean it is poisonous to drink to clean the wafers

  • 0
Tridrakious (on 02 May 2022)

Series X and PS5 won't even be able to fully enjoy a supported generation. By the time the shortages begin to clear up, we're going to be predicting the next cycle of consoles. Or at least how Microsoft is switching almost entirely to a digital/cloud future with Game Pass.

  • 0
SanAndreasX Tridrakious (on 05 May 2022)

This generation of consoles seems oddly stillborn. For my part, my Switch is still my primary console. Don't have much inclination to hunt down a PS5, not interested at all in XSX|S.

  • +1
Kakadu18 (on 02 May 2022)

Next year they'll say 2025.

  • 0
VMCJonCarter (on 02 May 2022)

holy heck that's bad

  • 0
KLAMarine (on 02 May 2022)

Damn! 2024!?

  • 0
DonFerrari (on 02 May 2022)

that is very sad.

  • 0
Comment was deleted...