The global chip shortage, known as the chip crisis, affects the technology sector, especially the automotive sector. Especially, companies in the automotive sector have to stop production in their factories due to the supply chain problems. Intel, one of the largest manufacturers of chips that turned into a crisis, predicts that this crisis will last until at least 2023. More precisely, Pat Gelsinger, the company’s CEO, made such a prediction. But Gelsinger has given a new date later than he had anticipated, and that sounded frightening.
2024 NOT 2023!
Intel CEO Pat Gelsinger told CNBC that based on previous 2023 forecasts, they believe the semiconductor shortage will now continue into 2024. So Gelsinger now suggests that the chip crisis will last until 2024.
GREAT INVESTMENTS ARE MADE BUT…
Companies are investing heavily in new production lines, taking steps to end the chip crisis and building new factories. Intel, which invests in some states of the USA and in Germany, is one of these companies. But looking at the current timeline, it is said that none of these new factories will be active until the chip crisis is over. Let’s see if the chip crisis can be resolved soon.