Intel CEO Pat Gelsinger Says Semi Shortage Could Last "A Couple Years"
Intel CEO Pat Gelsinger Says Semi Shortage Could Last "A Couple Years" BY TYLER DURDEN MONDAY, MAY 31, 2021 - 06:30 PM Brace for more pessimistic news about the global semiconductor shortage... Intel is now going on the record and doubling down on statements that its CEO made on 60 Minutes earlier this year, stating that it could take "several years" for the current supply shortage of semiconductors to be resolved. CEO Pat Gelsinger said that the pandemic-inspired "work from home" trend caused a "cycle of explosive growth in semiconductors", according to Reuters . "But while the industry has taken steps to address near term constraints it could still take a couple of years for the ecosystem to address shortages of foundry capacity, substrates and components," Gelsinger commented. Gelsinger also reiterated Intel's plans to expand: "We plan to expand to other locations in the U.S. and Europe, ensuring a sustai...