Intel: Chip Supply Shortage Could Take Several Years!

  Intel: Chip Supply Shortage Could Take Several Years! Intel Corp (NASDAQ:INTC) said the global chip supply shortage could last for several years. Making a statement on Monday, Intel's CEO Pat Gelsinger; He said the Covid-19 pandemic has increased the trend to work from home and has led to an enormous growth cycle in semiconductors, which has put a huge strain on the global economy. Gelsinger said in an interview in April that the famine would last "a few years" and that they planned to start producing chips in six to nine months to address the shortage in US auto factories. Intel INTC (NasdaqGS) $57.42 +0.53(+0.92%) announced in March that it was preparing a $20 billion project to expand its advanced chip manufacturing capacity, establish two factories in Arizona, and open its factories to external customers. Intel Corp (NASDAQ:INTC) said the global chip supply shortage could last for several years. Gelsinger, who avoided going into too much detail on the subject, said: "We want to provide a sustainable and safe semiconductor supply chain for the world. However, we plan to expand to other locations in the USA and Europe." Intel's plans are supported by Taiwan Semiconductor Manufacturing Co Ltd TSM (NYSE) $118.69 +0.18(+0.15%) and Samsung Electronics 005930.KS (KSE) ₩80,800.00 +200.00(+0.25%) Co Ltd. It causes comments that it can directly challenge two world giants such as. Both companies began to become leaders in semiconductor manufacturing and moved their center of gravity from the USA to Asia.  

Source: investing.com

 

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