During a virtual session of the Computex trade show in Taipei this week, Intel Corporation (INTC) CEO, Pat Gelsinger informed that the global shortage of semiconductors will take several years to be resolved. The effect of which can be felt in production lines, and consumer electronics. He said that the work-and-study-from-home trend during the pandemic had led to a “cycle of explosive growth in semiconductors” placing a huge strain on global supply chains.
In, The Washington Post, during an interview in mid-April Gelsinger informed that the shortage was going to take “a couple of years” to subside and that it planned to start producing chips within six to nine months to address shortages at U.S. car plants. In March, Intel announced a $20 billion plan to expand its advanced chip manufacturing capacity, with two factories in Arizona and opening its plants to outside customers.
Intel Corporation (INTC) seeks to expand the boundaries of technology to provide the most amazing experience possible while designing, manufacturing, and selling integrated digital technology globally. To learn more about Intel Corporation (INTC) and to track its progress please visit the Vista Partners Intel Corporation Coverage Page.
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