On Monday, Intel Corp’s CEO, Pat Gelsinger announced that the issue of the shortage of semi-conductors, affecting auto production lines and other areas globally, could take quite a few years to be sorted out.
The CEO says that the corona virus pandemic that led to quite a few lockdowns since last year, caused a massive strain on global supply chains due to a “cycle of explosive growth in semiconductors”.
Pat told the Washington Post in mid-April, “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.”
In March, the company announced its plan to expand the chip manufacturing capacity with $20 billion.
On this Gelsinger said, “We plan to expand to other locations in the U.S. and Europe, ensuring a sustainable and secure semiconductor supply chain for the world.”
The two companies that make the most advanced chips, Taiwan Semiconductor Manufacturing Co Ltd and South Korea’s Samsung Electronics Co Ltd, which manufacture over two thirds of advanced chips from Asia, can now face the threat of competition from Intel.
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