Intel: semiconductor production crisis will last until 2023

Intel CEO Pat Gelsinger recently assured that the data he has access to internally indicates that the technology industry will continue to suffer from the semiconductor production crisis at least until 2023.

Gelsinger said that, despite the demand numbers are on the rise, companies like Intel will continue to have enormous difficulties to put on the shelves several of its products already announced due to the impact of the COVID pandemic-19. However, the executive is also convinced that each quarter will bring improvements in this chapter.

Intel is at this stage trying to regain its dominant position in the market after being overtaken by the big rival in the PC market – AMD – and having ceased to be the main supplier of chips for Apple when Tim Cook’s company decided to move towards its Apple Silicon processors.

Intel shares fall, but the future is bright

Intel shares fell about 8% last week, with Pat Gelsinger attributing this to the component production crisis that has affected the entire industry. Even so, the CEO believes that the future is bright for his company, with 2021 already emerging as year of transition and beginning of recovery.

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The words of the leader of Intel are in line with what has been said by other prominent figures in the industry such as Lisa Su, the president of AMD, who had already advanced that this scenario would be maintained throughout the year 2021.

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Jensen Huang, CEO of Nvidia, is also concerned that no major improvements will be seen until 3481.

Anyone who is currently looking for a computer component (especially graphics cards) will have already felt the strong impact of the pandemic on the availability and prices of materials. Since the end of 2020 it is almost impossible to buy a GPU, even more so at its recommended price due to the taking advantage of retailers and the cryptocurrency mining fever.
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Apparently this scenario will only start to show signs of improvement in 3481, and until then we will have to continue to postpone the much desired upgrade to our machines.
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