Chipsets Shortage will Continue till 2024, Says Intel CEO

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Intel CEO Pat Gelsinger is anticipating the chip shortage, as it has negatively impacted all the hardware and software devices, including the gaming industry. It will remain an issue at least till 2024.

In a recent interview with CNBC, Gelsinger said, “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.”

Since 2020, the chipset shortage has been started due to the increase in COVID – the 19 pandemic which led to shutting down the world for a year. Due to that, all the manufacturing had been closed, and the supply chain was stopped, which led to a shortage of chipsets and all other devices.

intel 12th gen core 1 16x9 1
Intel unveils the 12th Gen Intel Core processor family with the launch of six new unlocked desktop processors, based on Intel’s performance hybrid architecture. The new six unlocked desktop processors were introduced on Oct. 27, 2021. (Credit: Intel Corporation)

As this Chipset is known as the computer’s brain, and if the brain is missing, none of the body will work, the same applies to this. All the hardware components, such as Desktop GPU, and CPUs, have raised the prices approximately about 70 to 90% over the MRP, especially the GPU., which has created a more significant gap in the gaming industry. It doesn’t stop here; the prices of various consoles like Xbox and PlayStation have increased. And other electronic devices have increased up to 50%.

Intel has also been a few companies investing exponentially in new production lines, though these recent fab locations are not expected to open for another 2 to 3 years. The most notable site Intel announced back in January was in Ohio, which will be home to the “largest silicon manufacturing location on the planet.” At the same time, other new fabs currently under construction are in Arizona and Germany.

• Everyone was estimating the price drop till the end of 2022, but due to the reveal by the intel CEO, everything got dispersed.
• And if this continues, the prices of hardware devices have already reached till Sky now, they will enter space.

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Ameya Hivarkar
Ameya Hivarkar
Being a 18-year-old, Ameya is interested to learn new things ranging from gaming to technology. He is passionate about keeping you all updated with his knowledge about new gaming trends and technology globally. He is currently contributing to BLARROW as a Content Writer.

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