Intel CEO now expects chip shortage to last into 2024

PUBLISHED FRI, APR 29 202212:53 PM EDTUPDATED FRI, APR 29 20226:45 PM EDT  by  Kevin Stankiewicz

Intel’s Pat Gelsinger now expects the semiconductor industry to suffer supply shortages until 2024.

The CEO told CNBC the extended timeline for the chip crunch is now due to a lack of manufacturing equipment.

Intel on Thursday reported weaker-than-expected guidance for its fiscal second quarter.

More at … https://www.cnbc.com/2022/04/29/semiconductor-shortage-intel-ceo-says-chip-crunch-to-last-into-2024.html