Intel CEO Gelsinger says the semiconductor shortage will not end until 2023!

Are prices going to soar again?

On October 22, according to US Consumer News and Business Channel CNBC, Intel CEO Patrick P. Gelsinger said in an interview that demand for personal computers is still strong, and semiconductor shortages are expected to not any time up till 2023.

Gelsinger said,

“We are now in the worst period. The situation will gradually improve every quarter next year, but supply and demand will not be balanced before 2023.”

intel statements on semiconductor shortage

As consumers around the world need new laptops and desktops to work from home, personal computer sales have been very strong in the past year. But analysts believe that as sales slow down, the surge in personal computers related to the new pandemic may be coming to an end.

Gelsinger said he believes that the growing trend of personal computer sales may continue.

We learned that Intel today announced its third-quarter financial report for 2021. The total revenue for the third quarter was US$18.1 billion, an increase of 5% year-on-year; net profit was US$6.823 billion, compared with US$4.276 billion in the same period last year, an increase of 60% year-on-year.   

So guys, what do you think? Would buying laptops, and other PCs would still be difficult going forward in the future!

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Intel CEO Gelsinger says the semiconductor shortage will not end until 2023!

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