- The global chip shortage may continue for “a couple of years,” Intel’s CEO said on Monday.
- The US firm believes that it will take some time for the supply chain to smooth out current supply issues.
- Intel’s statement comes after Qualcomm’s report that the shortage could end later this year.
If you thought the great global chip shortage was just a minor blip in the global supply chain, Intel’s here to bring you some bad news. According to the company’s CEO Pat Gelsinger, the shortfall could continue for a “couple of years” as foundries flounder to meet demand (h/t Reuters).
The shortage has affected almost every pocket of the tech industry, from cars to smartphones and laptops. Intel isn’t the only firm struggling to meet demand, either. In March, Qualcomm revealed that phone chipsets were also affected. The company also hoped the shortage would diminish by the end of 2021. A month later, Black Shark announced its flagship series was out of stock, chiefly due to the lack of chipsets.
Other big firms are affected, too. Reports in May hinted that Samsung‘s bread-and-butter offerings were also victims of the shortage. Two Galaxy A models, powered by the Qualcomm Snapdragon 750G and 720G, were facing delayed launches in key markets.
The White House in February announced plans to address the chipset issues, namely through an executive order. Intel is also planning new plants in Arizona to add capacity. Intel’s latest revelations suggest the outlook remains pretty bleak for customers and companies for the years ahead despite the interventions.