Head of Intel Claims Electronic Component Crisis Will Last at Least Until 2023

Head of Intel Pat Gelsinger repeats his speculation about chip shortages being expected to last until 2023. AMD's boss is more optimistic on the issue and says improvements will come as early as next year.

Pat Gelsinger, CEO of Intel, assured in an interview with Nikkei Asia that consumer problems with purchasing, for example, GPUs or any hardware equipped with a chip, will not be solved in 2022.

Gelsinger stated this during a trip to Southeast Asia, where he discussed the importance of Asian manufacturing for Intel. He also announced a new factory in Malaysia, which will cost $7.1 billion to set up. Previously, the company assured that it will invest $80 billion in chip factories in Europe.

Despite the many investments made by the company to improve production capacity, we shouldn't expect any positive change in the near future. Intel's boss predicts that the chip shortage will continue until 2023. Another big name in the industry, namely Lisa Su, the head of AMD, speaks more optimistically and mentions next year as a more realistic date for the improvement to be visible.

Let's hope that Pat Gelsinger's predictions will not come true, and Lisa Su's forecasts turn out to be accurate. Just the thought of another year with shortages on the market gives me goose bumps.