Intel CEO anticipates end of chip shortage by 2024

In an interview with CNBC, Intel CEO Pat Gelsinger addressed the continuing chip shortage which has plagued the industry for several years since the pandemic began.

Gelsinger and other prominent CEOs, such as Dr. Lisa Su and Jensen Huang of AMD and NVIDIA, have estimated when the shortage will end. Initially, the three companies anticipated that the deficit would end by the end of this year. However, given that resources are scarce and adding other problems that occurred during this time, that time frame has changed. Gelsinger claims that 2024 will be the year the chip shortage ends.

The problem with the current situation with shortages is not the lack of materials but the equipment used to make the semiconductor chips. This prompted Gelsinger to change his current thoughts about scarcity.

“That’s part of the reason we see the overall semiconductor shortage now shifting to 2024, from our previous estimates for 2023, just because the shortage now has affected equipment and manufacturing will be affected.” Gelsinger said.

Intel CEO Pat Gelsinger says his company is better prepared than others during ongoing chip shortages

Gelsinger’s time as CEO of Intel has been advantageous for the company. Gelsinger and Intel have created new factories in the United States and have recently investigated new potential locations for their factories and services around the world to help manufacture new chips. The company has placed itself in a better position in relation to these strategies compared to other companies, as long as the components and capabilities of external partners continue to grow.

“We feel we are better positioned than most. The combination of our internal capacity and our use of foundries. We are better positioned, and that is part of the structural advantage that Intel has.”

Predictions from AMD and NVIDIA about when the chip shortage will end and when the industry will return to normal are yet to come. It is speculated that we will hear the predictions of the other two CEOs in the coming months.

Source: CNBC