The shortage of components that we have been suffering and that affects stock has been going on since the start of the pandemic, causing there to be very little stock of electronic products, and if there is stock, it is at high prices. While the worst of this crisis is believed to be over, it is unclear when, if ever, it will return to pre-pandemic levels. Some expect it to be over this year, others next year, but Intel's Pat Gelsinger now he predicts that it will last until well into 2024 in terms of stock for customers.
Gelsinger had predicted the end of scarcity numerous times. In a new interview with CNBC's Data Check, Gelsinger updated his prediction and now expects the chip shortage to last until 2024.
There will be no lack of raw material, but equipment to combat the shortage of components
The lack of raw materials is part of the reason he believes the overall semiconductor shortage will now shift to 2024, from his earlier predictions that it will end in 2023. But thinks it's going to take longer because shortages have now affected foundry equipment, which will not be able to expand to suffer the demand for at least a whole year.
In October 2021, Gelsinger predicted they were at their worst, but each quarter it will get better. Although there will not be a balance between supply and demand until 2023. AMD's Lisa Su predicted better, and expected that by the second half of 2022, an increase in the supply of electronic products would be seen. It is still early to give an assessment of who has come closest, since now the outbreaks of Covid-19 in China must be taken into account and war between Ukraine and Russia.
Console makers have struggled with stock shortages for more than two years. The COVID-19 pandemic shut down essential supply chains and significantly increased demand for gaming devices as countries implemented social distancing measures. It is another of the great demands for electronic products derived from the pandemic that is not taken into account as much, and that is that today it is still very difficult to get hold of a PlayStation 5 or an Xbox series S, and soon it will be with a Nintendo Switch.
Although Gelsinger's statements indicate that there will be no problems about the amount of raw material that arrives. It would all be because there is more demand to satisfy and to offer such an offer, the pace of production has to be increased, which requires precision machinery that is not easy to obtain.
Source. Chronicle video games
