Intel CEO believes that continued chip shortages may last until 2023

We are in the second year of the new generation of consoles for PlayStation and Xbox, and getting a console is still as tricky as ever.

There are several reasons for this, including the rise of online robots that automatically purchase these game consoles, the resale market, etc., but the main reason may be the continuous shortage of chips. These chips are used in PlayStation 5 and Xbox Series X/S game consoles, which means that PlayStation and Xbox cannot produce as many as they want as quickly as possible. Unfortunately, after AMD CEO Lisa Su stated in October that the chip shortage may continue until 2022, Intel CEO now expresses his belief that this situation may continue until 2023.

This news comes from Nikkei AsiaAccording to the report, due to the shortage of semiconductors used not only in new generation game consoles and personal computers, but also in other technologies such as automobiles, there should be a supply gap in the United States.

Intel CEO Pat Gelsinger said at a recent press conference: “The overall semiconductor shortage is very serious. Before the COVID, the semiconductor industry was growing by about 5% every year.” “The COVID disrupted the supply chain and caused the supply chain to turn negative. Demand has increased by 20% year-on-year, supply chain disruption has created a very large gap… and the explosive growth of demand has continued.”

Gelsinger continued, adding that it will take time to build the capacity to address this gap and the scale of demand. He also said that Intel is building new expansion facilities to help solve the shortages in Arizona and New Mexico, and he expects more facilities in the United States and Europe to appear.

This chip shortage has certainly affected PlayStation and Xbox, anyone trying to buy a new generation of game consoles knows, but it has also severely affected Nintendo. The Japanese company recently revealed in November that it expects to reduce the production of Switch consoles by 20% between now and March, reducing its sales expectations by about 6 million units.

[Source: Nikkei Asia]

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