The global semiconductor shortage roiling a wide range of industries likely won’t be resolved for a few more years, according to Intel Corp.’s new CEO Pat Gelsinger.
The company is reworking some of its factories to increase production and address the chip shortage in the auto industry, he said in an interview with CBS News, based on a transcript of “60 Minutes” that aired Sunday. It may take at least several months for the strain on supply to even begin easing, he added.
“We have a couple of years until we catch up to this surging demand across every aspect of the business,” Gelsinger said.
“COVID showed that the global supply chain of chips is fragile and unable to react quickly to changes in demand.”
Demand for semiconductors was boosted in 2020 as consumers scooped up home gadgets during the pandemic. But meeting that increase has been hard, thanks to shuttered plants, among other factors. Companies worldwide say they expect supply-chain constraints due to logistics backlogs and the chip shortage to continue for much of 2021.
www.detroitnews.com/story/tech/2021/05/02/intel-ceo-says-chip-shortage-last-couple-years/115948508/
- Hillary Clinton leaked emails reason to get rid of Gadaffi
- Stagflation 2023: The Looming Economic Nightmare You Can’t Afford to Ignore
- Deutsche Bank Is On The Brink Of Collapse: Get Prepared For The Next Lehman Brothers Moment
- The US Dollar World Reserve Status is Officially Over
- Satan Has Become One Of The Hottest Spiritual Figures In America
- S686 Patriot Act 2.0 – This is the bill that lets them kick down your door and kill your dog because you are guilty for doubting the Biden regime.
- ‘Unsafe and ineffective’ Pfizer is going to court!
- US Banks are seeing the largest drop in bank deposits since the Great Financial Crisis and a ‘second wave’ is coming
- Shocking Biden hot-mic reveals how handlers program his every move WATCH. Yes, this is 100% real.
- The recession is here, the market crash is next.
Views: 19