Global chip supply shortages may take couple of years to address: Intel CEO
Global chip maker Intel on Monday said
it could take a couple of years to address the supply shortage in the
semiconductor ecosystem that is witnessing huge demand for tech products,
accelerated by the COVID pandemic.
Intel CEO
Pat Gelsinger noted that the work and study-from-home trends during the
COVID-19 pandemic have led to a "cycle of explosive growth in
semiconductors" that has placed huge strain on global supply chains around
the world.
"We have been working diligently with our partners... to
address constraints and increase output to meet demand, and we are acting to
help ensure capacity to meet the world's needs for this new era... But, while
the industry has taken steps to address near-term constraints, it could still
take a couple of years for the ecosystem to address shortages of foundry
capacity, substrates and components," he said at a virtual session at the
Computex event.
He stated that the company has doubled its internal wafer capacity
in the past four years, and that it is driving a collaborative approach to help
the supply chain.
Semiconductors play a crucial role in everything, right from
computers to appliances, communication devices, transportation systems to
critical infrastructure.
"We've already announced more than USD 20 billion of new
investment in our foundry capability. This includes large scale capacity
expansion in Arizona, in support for advanced semiconductor manufacturing
technologies in New Mexico. We plan to expand to other locations in the US and
Europe, ensuring a sustainable and secure semiconductor supply chain for the
world," Gelsinger said.
Intel Corporate
Vice President and General Manager CCG Sales Steve Long announced the launch of
two new 11th generation Intel core SKUs that will help the company deliver
performance and extend its leadership in the thin and light notebook category.
The company is also launching the Intel 5G solution 5000, its
first 5G product for the next-generation of PC experiences.
"This is Intel's first 5G product coming out from our
previously announced collaboration with MediaTek with global certification.
Acer, Asus and HP are expected to bring these 5G-enabled PCs to market this
year and the momentum continues in 2022, with over 29 designs expected,"
Long said.
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