The global chip crisis, which has been going on for a while, still continues to show its effect in most sectors. Intel CEO Pat Gelsinger said he expects the chip crisis to last until at least 2024. Despite this estimation, Gelsinger stated that they are in an advantageous position compared to many companies.
Delayed its previous forecast
Presenting the company’s first quarter reports for 2022, Gelsinger said during the event that the global chip crisis will continue to pose challenges in some sectors until 2024. Despite this prediction, the CEO explained that Intel has a significant advantage in the chip crisis, thanks to its investments in the US and Europe.
Intel will develop simulation for RACER program
In forecasts, Gelsinger said that he believes the global chip crisis will continue until 2023, in line with the expectations of analysts and other industry executives. The CEO, who postponed the period for 1 year after renewing his forecasts, cited the increase in demand as the reason for this.
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