Intel's CEO Says Chip Shortage Could Last "A Couple Of Years" In New '60 Minutes' Interview
Intel's CEO Says Chip Shortage Could Last
"A Couple Of Years" In New '60 Minutes' Interview
BY TYLER DURDEN MONDAY, MAY 03, 2021 - 10:37 AM
Intel's CEO has been the latest in a chorus of voices stating
that the ongoing semiconductor shortage is going to last for a "couple of
Speaking on 60 Minutes Sunday
night, chief executive officer Pat Gelsinger said: “We
have a couple of years until we catch up to this surging demand
across every aspect of the business.”
He also noted that U.S. dominance in the industry has fallen so
much that only 12% of the world's semiconductor manufacturing is done in the
U.S., down from 37% about 25 years ago, according to Bloomberg.
“And anybody who looks at supply chain says, ‘That’s a problem’.
This is a big, critical industry and we want more of it on American soil: the
jobs that we want in America, the control of our long-term technology future,”
He seems to be directing his focus more toward operations and
less toward the company's stock price, stating Intel won't be “anywhere
near as focused” on buying back stock as the company once was.
Mark Liu, chairman of Taiwan Semiconductor Manufacturing Co.,
also told 60 Minutes that the company was trying to "squeeze" out as
many chips as possible: “Today, we think we are two months ahead, that we
can catch up (to) the minimum requirement of our customers — by the end of
June. There’s a time lag. In car chips particularly, the supply chain is long
Recall, just days ago, we wrote that
Morgan Stanley had also suggested the shortage could continue "well into
Adam Jonas and Joseph Moore at Morgan Stanley contend that the
constraints could last into next year. Of course, both analysts see it as an
opportunity to "buy the dip" (when is it not?) and bet on the longer
term EV opportunity, the analysts said in a note out late last week.
"Ford’s changed outlook was the first major profit warnings
in auto since the worst of COVID," the analysts wrote, calling the
automaker's report a "bit of a reality check" for investors who have
been chasing momentum from OEMs.
Stanley's report also took note of lack of manufacturing on U.S. soil,
concluding with the realization that "on-shoring and diversification
of geographic supply sourcing" should be thrust into focus.
Two weeks prior to Ford's report, we wrote about how
the chip shortage was becoming a self-fulfilling prophecy, due to a
shortage of chipmaking equipment. In the days leading up to that report, we wrote that
Taiwan Semiconductor was also warning that the global chip shortage may
extend into next year.
In early April, we wrote that
U.S. exporters of semiconductor chipmaking tools were struggling to get
licenses to sell to China. The U.S. government had been dragging its feet
in approving licenses for companies to sell chipmaking equipment to Chinese
semi company SMIC, we noted at the time.
You can watch the full 60 Minutes interview from this week here.
World’s 1st remote brain surgery via 5G network performed in China Published time: 17 Mar, 2019 13:12 · A Chinese surgeon has performed the world’s first remote brain surgery using 5G technology, with the patient 3,000km away from the operating doctor. Dr. Ling Zhipei remotely implanted a neurostimulator into his patient’s brain on Saturday, Chinese state-run media reports . The surgeon manipulated the instruments in the Beijing-based PLAGH hospital from a clinic subsidiary on the southern Hainan island, located 3,000km away. The surgery is said to have lasted three hours and ended successfully. The patient, suffering from Parkinson’s disease, is said to be feeling well after the pioneering operation. The doctor used a computer connected to the next-generation 5G network developed by Chinese tech giant Huawei. The new device enabled a near real-time connection, according to Dr. Ling. “You barely feel that the patient is 3,000 kilometers away,” he said.
Visualizing The Power Of The World's Supercomputers BY TYLER DURDEN FRIDAY, JAN 21, 2022 - 04:15 AM A supercomputer is a machine that is built to handle billions, if not trillions of calculations at once. Each supercomputer is actually made up of many individual computers (known as nodes) that work together in parallel. A common metric for measuring the performance of these machines is flops , or floating point operations per second . In this visualization, Visual Capitalist's Marcus Lu uses November 2021 data from TOP500 to visualize the computing power of the world’s top five supercomputers. For added context, a number of modern consumer devices were included in the comparison. Ranking by Teraflops Because supercomputers can achieve over one quadrillion flops, and consumer devices are much less powerful, we’ve used teraflops as our comparison metric. 1 teraflop = 1,000,000,000,000 (1 trillion) flops. Supercomputer Fugaku was completed in March 202
Beijing Orders Alibaba To Dump Media Assets That Rival China's Propaganda Machine BY TYLER DURDEN MONDAY, MAR 15, 2021 - 07:30 PM Beijing is reviving its crackdown on the country's biggest tech firms, reminding the world that the CCP is still focused on neutralizing any and all threats to its control of the Chinese economy and its people. Even after amending China's official ideology to include entrepreneurs among the protected classes represented by the CCP (in addition to workers, farmers and soldiers), Beijing, with President Xi at its center, has apparently decided that Chinese tech firms won't follow the American model after all. Instead, their growth and competitive capabilities will be curtailed for the sake of stability at home. After Tencent was censured and strict new requirements were officailly imposed on Alibaba-owned Ant Group that will prevent the company from growing , the Wall Street Journal reports that next up on Beijing's to-do lis