Intel CEO Thinks Chip Shortages Will Last Into 2024

Intel CEO thinks the global chip shortages will last into 2024, which will undoubtedly have a knock-on effect on the gaming industry.

This comes as the shortage of chips begins to affect the very equipment used to make them in the first place. After all, you need chips in order to make more.

Intel Ceo Pat Gelsinger said “That’s part of the reason that we believe the overall semiconductor shortage will now drift into 2024, from our earlier estimates in 2023, just because the shortages have now hit equipment and some of those factory ramps will be more challenged.”

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Credit: Sony

No End To Intel Chip Shortages

Gelsinger previously stated that shortages would continue into 2023, but things are now looking even more grim. As these shortages continue to get worse, more problems will continue cropping up in tech-related industries.

That includes the gaming industry, which has felt the effect of the shortages first hand. Products like graphics cards and new consoles have been difficult to obtain. Often, they are being sold for far more than their original price.

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We’ll have to wait and see if things improve. However, it’s safe to say that it will take some time before things change for the better. And if Gelsinger is right, we could be waiting until after 2024 to see the tail end of the Intel chip shortages.

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Featured Image Credit: Intel