Intel CEO believes that component shortages will peak in the second half of the year

Recently in office, Intel CEO Patrick Gelsinger continues to argue that component shortages will last until late 2022. New in this forecast is the statement that the situation will worsen in the next half of the year. But then the industry expects a decade of stable growth.

Patrick Gelsinger once again shared his thoughts with Bloomberg: “I do not expect the semiconductor industry to return to a healthy balance of supply and demand until 2023. For various industries, the situation will get worse at first before there is an improvement. ” According to him, the pandemic and its consequences were the main reasons for the shortage of components, while Intel was in a better position compared to competitors due to the company’s own manufacturing facilities.

After the end of the shortage period, the head of Intel is convinced, the industry expects a decade of stable growth in demand for semiconductor components. 5G networks and subscriber devices for them, electric vehicles, and artificial intelligence systems – their proliferation will contribute to steady growth in demand for electronic components. The annual increase in proceeds from their sale will, on average, exceed 5%. Not all market participants, according to Bloomberg, are optimistic in this sense. The head of Broadcom Hock Tan, for example, said this month that the industry will return to a lower rate of growth after peak revenues.

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Author: John Kessler
Graduated From the Massachusetts Institute of Technology. Previously, worked in various little-known media. Currently is an expert, editor and developer of Free News.
Function: Director
John Kessler

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