Intel now says the chip shortage may not ease up until at least 2023

Discussion in 'Industry News' started by Calliers, Oct 22, 2021.

  1. Calliers

    Calliers Administrator/Editor Staff Member

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    The PC and laptop market is still in the midst of the ongoing chip shortage. While getting a reasonably priced graphics card, processor, desktop, or laptop has never been harder than it is now, many are hoping that the tides will change and the situation will improve. Unfortunately, according to Intel CEO Pat Gelsinger, the shortage may last until 2023 at the very least.

    Gelsinger spoke to CNBC ahead of announcing Intel’s third-quarter earnings for this year. The company revealed that its revenue for the Client Computing Group is down by 2% year-over-year, dropping to $9.7 billion. This includes both desktop and laptop chips. According to Intel’s CEO, the reason for the lower revenue stems from the chip shortage.

    Many aspiring PC builders and laptop users alike are looking forward to the ending of the chip shortage, but according to Intel, the future is bleak.
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    Source: digitaltrends
     

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