Intel warns of chip shortages but trumpets open RAN
The CEO of Intel said chipset shortages could affect the global electronics industry through 2023.
“While I expect the shortages to bottom out in the second half, it will take another one to two years before the industry is able to completely catch up with demand,” Intel’s Pat Gelsinger said Thursday during the company’s quarterly conference call with analysts, according to a Seeking Alpha transcript.
That’s noteworthy considering the shortages have been affecting a number of telecom companies. For example, companies ranging from Apple to Infinera to Neophotonics have warned of shortfalls worth billions of dollars due to the situation.
“We have a long way to go yet,” Gelsinger told the Wall Street Journal. “It just takes a long time to build [manufacturing] capacity.”
For his part, Gelsinger has established a major new contract chip-making operation at Intel. And he’s already committed more than $20 billion toward the effort.
Further, Gelsinger reportedly has been in talks to buy GlobalFoundries – one of the world’s biggest chip-making companies – for $30 billion.
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