Shortage

Intel CEO Pat Gelsinger expects that chip shortages will continue through to 2024.On an interview with CNBC's TechCheck, Gelsinger suggested that a lack of availability of tools to manufacture chips  would drag out shortages, making it harder to reach high demand.  "That’s part of the reason that we believe the overall semiconductor shortage will now drift into 2024, from our earlier estimates in 2023, just because the shortages have now hit equipment and some of those factory ramps will be more challenged,” Gelsinger…

Six months after predicting the global chip shortage would last until at least 2023, Intel CEO Pat Gelsinger is now suggesting it might be 2024 before we’re fully out of the woods. “e believe the overall semiconductor shortage will now drift into 2024, from our earlier estimates in 2023, just because the shortages have now hit equipment and some of those factory ramps will be more challenged,” he told CNBC on Friday. But while that sounds a little doom-y and gloom-y, you should know that the “chip shortage” is an…

A sharp drop in graphic chip prices could presage an unexpectedly quick ending to a global chip crunch that has crippled manufacturing from smartphones to cars, and the issue will be a central one for companies reporting results this week.As Intel, Qualcomm and others report, investors will weigh how dampened consumer spending from inflation, China's COVID lockdown and Russia's invasion of Ukraine balance out supply chain blockages for microchips.The trigger is a drop in prices of GPUs, or graphics processing units, which…

Democrats on Friday muscled legislation through the House that they say positions the United States to better compete with China economically and on the global stage by strengthening the domestic semiconductor industry and shoring up strained supply chains.The bill passed by a vote of 222-210. It marks an important step for a top Biden administration priority, but the legislation is likely to be extensively revised as negotiators reconcile differences with what the Senate passed about eight months ago. President Joe Biden…

Even coming off its fastest annual growth in 37 years, the US economy is still bogged down by a persistent shortage of the computer chips essential to the technology that connects, transports and entertains us.The problem has been building since pandemic-related lockdowns shut down major Asian chip factories more than two years ago. Now it threatens to extend into the indefinite future, despite the semiconductor industry's efforts to catch up with demand.The House of Representatives passed a bill February 4 that could…

Taiwan's Foxconn said on Monday it had partnered with Indian conglomerate Vedanta to make semiconductors in the South Asian country, as the electronics giant looks to diversify its business amid a global chip shortage.Foxconn, the world's largest contract electronics manufacturer and a major Apple supplier, has expanded into areas including electric vehicles (EVs) and semiconductors in recent years.In a statement, Foxconn said it had signed a memorandum of understanding with oil-to-metals group Vedanta to make…

The ongoing Russia-Ukraine military conflict and the geopolitical and economic uncertainties are likely to further worsen the global semi-conductor shortage, Moody's Analytics said in a report on Friday.COVID-19 pandemic has caused shipping costs to skyrocket over 300 percent and will continue to be high due to the scarcity of new containers.According to Moody's Analytics analysis, Palladium and neon are two resources that are key to the production of semiconductor chips, and given that Russia supplies over 40 percent of…