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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Alexandr Ivanov earned his Licentiate Engineer in Systems and Computer Engineering from the Free International University of Moldova. Since 2013, Alexandr has been working as a freelance web programmer.
Function: Web Developer and Editor
Alexandr Ivanov

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