Intel CEO now thinks chip shortage will last into 2024

Intel CEO Pat Gelsinger now thinks the semiconductor shortage will last into 2024, which will likely have knock-on effects for the gaming space as CPU and GPU prices stay elevated. The reason? The shortage of chips is affecting the speed at which the equipment used to make semiconductors can be made. In short: You need chips to make chips.

In an interview with CNBC, Gelsinger said “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.” Gelsinger’s reference to ramps here refers to the process of “ramping up” a new factory’s production.

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