Intel CEO: "Global Semiconductor Chip Shortage Likely to Last Several Years"

Intel's CEO Pat Gelsinger
[Photo by Reuters]

[Asia Economy Reporter Cho Hyun-ui] Pat Gelsinger, CEO of the U.S. semiconductor company Intel, reiterated that resolving the global semiconductor chip shortage could take several years.

At a virtual meeting during the Taipei Computex trade fair on the 31st, CEO Gelsinger said, "The expansion of remote work due to COVID-19 has created a growth cycle and supply-demand instability in semiconductors," according to major foreign media reports.

He explained, "The industry is taking measures to address short-term supply-demand instability, but it may still take several years to resolve the foundry production capacity shortage."

In an interview last month with The Washington Post (WP) and others, CEO Gelsinger also stated, "The global semiconductor shortage could continue for another two years."

In late March, Intel announced plans to build new factories in the U.S. and Europe and re-enter the semiconductor foundry business. Industry analysts interpret that after Samsung Electronics and TSMC revealed their investment plans in the U.S., Intel believes these companies are unlikely to build foundries in Europe and has started to raise its value accordingly.

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