Global chip shortages will last another 2 years: Intel CEO
New Intel CEO Pat Gelsinger said on Thursday that supply constraints and the “huge” investments needed to meet demand mean chip shortages affecting the auto industry and other sectors are likely to last longer. two years.
It will “be a while before people can put more capacity in the ground,” he explained, like Intel INTC,
reported first quarter results that exceeded sales and earnings expectations.
German Daimler DAI,
was the last automaker to warn on Friday that the continuing shortage of semiconductor chips could affect its second-quarter sales. Rivals Renault RNO,
and BMW BMW,
issued similar warnings this week.
Jaguar Land Rover said on Thursday that two of its UK factories would shut down temporarily from next week, due to supply chain disruptions linked to Covid-19, including the lack of semiconductor chips.
Last week, President Joe Biden used a meeting with auto and tech executives to push his $ 2.3 trillion infrastructure spending plan to advocate for a national construction industry of chips stronger.
Lily: Profits crushed by Volvo. The truck manufacturer can avoid the shortage of chips.
Perspectives: A year of supply chain disruption has forced governments around the world to consider ways to “relocate” critical industries, with chips high on the strategic priority list. Last week the UK government launched an investigation into the $ 40 billion Nvidia NVDA,
buyout of UK-based Arm for security reasons.