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Semiconductor shortage could extend into 2023, Intel warns

2021-07-22T23:09:29.461Z


Certain industrial sectors, such as the automotive industry, are particularly affected by the lack of available semiconductors.


The boss of the American semiconductor giant Intel estimated Thursday, July 22 that the shortage of electronic components that currently affects several economic sectors could continue until 2023.

Read also: STMicro surfs on the surge in demand for semiconductors

With the pandemic, individuals and schools have needed additional computers and tablets to enable work from home, Pat Gelsinger said on a conference call with analysts. The need for data management for cloud computing has exploded at the same time, while the rise of artificial intelligence, the arrival of 5G or the development of autonomous driving will fuel the appetite for semiconductors in years to come.

"Strong demand continues to put pressure on the supply chain

," he said on a conference call with analysts Thursday.

"I expect the shortages to hit bottom in the second half of the year but it will be one to two years before the sector is able to fully meet demand,"

added the CEO, head of the company. since the beginning of the year.

Read also: Can Europe become a semiconductor champion?

Certain industrial sectors, such as the automotive industry, are particularly affected by the lack of available semiconductors.

Manufacturers have had to temporarily suspend production of certain vehicles now loaded with electronics.

To cope with growing demand, Intel unveiled a new strategy in March based on both the development of in-house manufacturing and the increased use of subcontractors. The group intends to invest $ 20 billion in two new factories in Arizona. The

Wall Street Journal

recently claimed that Intel was also in talks to buy GlobalFoundries, in a deal worth around $ 30 billion, to boost production.

Source: lefigaro

All news articles on 2021-07-22

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