Intel CEO says chip shortage could last until 2023 - Fox Business

Jul 23, 2021

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One of the leading voices in the semiconductor industry sees the chip-supply problems stretching as far as 2023.

It could take one or two years to get back to a reasonable supply-and-demand balance in the semiconductor industry, Intel CEO Pat Gelsinger said in an interview with The Wall Street Journal after the company posted second-quarter earnings on Thursday.

"At this point, we would not say that M&A is critical, but nor would we rule it out," said Gelsinger.

For the current quarter ending in October, Intel expects its per-share earnings to be $1.10. 

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