Global Semiconductor Shortage Could Continue Until 2023, Intel CEO Says

Intel CEO Pat Gelsinger says "we’re in the worst of" of the global chip shortage right now, and it will likely continue until 2023.

Posted By | On 24th, Oct. 2021

ps5 xbox series x

The games industry, like many others, has been hit with a significant global shortage of semiconductor chips, rendering the supplies of CPUs and GPUs and restrained. Alongside graphics cards, all consoles on the market, including the PS5 and Xbox Series X/S as a result, and though everyone from Toshiba to Foxconn has suggested that the shortage will likely end by 2022, there are some who disagree.

Recently, for instance, Intel CEO Pat Gelsinger said in an interview with CNBC that though things will begin to get incrementally better where the semiconductor shortage is concerned, it will likely continue to be an issue until as late as 2023.

“We’re in the worst of it now, every quarter next year we’ll get incrementally better, but they’re not going to have supply-demand balance until 2023,” Glesinger said.

Recently, AMD CEO Lisu Su suggested that the chip shortage would begin winding down by the second half of 2022. Xbox boss Phil Spencer has also previously suggested that console shortages will continue into next year.


Amazing Articles You Might Want To Check Out!

Keep On Reading!

Kingdom Come: Deliverance 2 Surpasses 159,000 Concurrent Steam Players on Launch

Kingdom Come: Deliverance 2 Surpasses 159,000 Concurrent Steam Players on Launch

The open world RPG's peak concurrent player count surpasses the peaks of The Witcher 3, S.T.A.L.K.E.R. 2, the ...

Elden Ring Nightreign Will Launch in May – Rumour

Elden Ring Nightreign Will Launch in May – Rumour

The upcoming co-op action RPG's release date will be announced on February 12, alongside a batch of new detail...

WolfEye Studios’ Next Game Will be Published by Neowiz

WolfEye Studios’ Next Game Will be Published by Neowiz

Lies of P publisher will help bring WolfEye Studios' upcoming retro sci-fi first-person action RPG to the mark...

Dragon Age: The Veilguard Underperformed Due to Lack of “Shared-World Features,” EA CEO Suggests

Dragon Age: The Veilguard Underperformed Due to Lack of “Shared-World Features,” EA CEO Suggests

"In order to break beyond the core audience, games need to directly connect to the evolving demands of players...

EA and Respawn Entertainment Are Planning an Apex Legends 2.0

EA and Respawn Entertainment Are Planning an Apex Legends 2.0

The "bigger, more meaningful update to that broader game experience" will become a priority once the next Batt...

Next Battlefield Will Launch Before April 2026

Next Battlefield Will Launch Before April 2026

Electronic Arts has confirmed that the next entry in the Battlefield franchise will release sometime between A...