Intel CEO's Warning: Global Semiconductors Shortage Stretched Till 2024

DAX Street

Lined Circle

Intel CEO Pat Gelsinger warned about the global Semiconductors Shortage is propelled to at least 2024. This is due to...

Lined Circle

1. China lockdowns 

Lined Circle

 2. The Russia-Ukraine war

Lined Circle

On Thursday's earning call of Intel Company, Pat Gelsinger told investors about...

The chip shortage and the informed about the requirement of geographically balanced manufacturing . 

Lined Circle

Chip shortage caused US pay $240 billion last year.

Lined Circle

According to Gelsinger, the challenges are expected to continue in the foundry capacity and tool availability. 

Lined Circle

Fiscal Quraterly Record

California based chip-maker recorded quarterly revenue at $18.4 Billion.

Lined Circle

Why are the semiconductors so important?

Their demand raised as the electronics use increased and factories were disrupted due to the COVID pandemic.

Pat Gelsinger explained that the demand from customer is rough in the enterprise, cloud, AI, graphics and networking.

Referring to the importance of semiconductors, he added that they're the fuel of innovation and transformation.

Lined Circle

Intel's Announcement

Its series of investments in the US and Europe to have half of the manufacturing there.

ALSO, STAY UPDATED BY SEEING WHAT'S TRENDING WORLDWIDE

DAX Street

Lined Circle