Intel CEO Says Microchip Shortage Could Last 2 More Years

Intel CEO Pat Gelsinger made statements about the scarcity problem in the semiconductor industry. According to Gelsinger’s statements, the problems in the sector could continue for another 2 years. The only thing that will stop the famine is to increase the production capacity of the industry stakeholders.

Pat Gelsinger argues that new factories are needed to solve the semiconductor shortage, increasing manufacturing capacity and balancing supply and demand. Underlining that the process would otherwise freeze Intel CEO says that by increasing the production capacity of all industry stakeholders, the industry can breathe.

Meanwhile, the US government also cares about the events in the semiconductor industry. Because a delegation, including Joe Biden himself, met with companies in the industry to discuss the issue in all its lines. At the end of this meeting, it was promised that $ 50 billion in aid will be provided to the semiconductor industry. But the actual amount needed is according to Intel DIRECTOR.

Pat Gelsinger, CEO of the US-based semiconductor manufacturer Intel, makes statements about the crisis in the semiconductor industry. In his statements, Gelsinger said that semiconductor supply could not be reached at the desired point, stressing that the crisis cannot be easily resolved. According to the Intel CEO, the semiconductor industry shortage, known as the “chip crisis”, could last another 2 years.

Companies that shut down production due to the coronavirus pandemic caused disruptions in their supply chains. As such, there have been difficulties in the production of microchips used in all electronic products from automobiles to small hand tools. One of the companies most affected by this disruption was Intel, one of the established names in the industry. Intel is trying to meet the requirements and states that this is only possible by increasing production capacity.

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