Not So Fast - When Will The Chip Shortage End?

Vector drawing of semiconductor chip in manufacturing process with computer arm drawing on sky blue, round chip

Intel's chief executive Pat Gelsinger has said the chip shortage plaguing auto, appliance, smartphone, computer, and innumerable other manufacturers will last longer than expected. Gelsinger previously forecast supply issues on chips to stretch into 2023 but now believes it will last into 2024.

The industry's ability to ramp up supply at the pace originally predicted is at the heart of the delay. Companies like Intel, Samsung, Qualcomm, Advanced Micro Devices, and TSMC are ready to go all-in on production, but they can't get the equipment needed to start.