Here’s Why Intel CEO Believes Chip Shortage to Last Until 2024

Here’s Why Intel CEO Believes Chip Shortage to Last Until 2024
A logo outside the Intel booth during the GSMA Mobile World Congress 2019 in Barcelona, Spain, on Feb. 26, 2019. David Ramos/Getty Images
Benzinga
Updated:

After predicting the global chip shortage would last until 2023, Intel Corporation CEO Pat Gelsinger is now suggesting the shortage could last until at least 2024.

Gelsinger thinks that the industry can meet the demand for new products being built on new lines, not just existing ones; hence, the chip shortage will stretch into 2024.