Intel CEO says chip shortage to last until 2023

In an interview with CNBC, Intel CEO Pat Gelsinger said the current chip shortage will last until 2023.

“We’re in the worst of it now; every quarter next year, we’ll get incrementally better, but they’re not going to have supply-demand balance until 2023,” Gelsinger said.

Gelsinger went on to say it's been difficult to get the right set of components needed to produce products; “We call it match sets, where we may have the CPU, but you don’t have the LCD, or you don’t have the Wi-Fi. Data centres are particularly struggling with some of the power chips and some of the networking or ethernet chips." 

The CEO of Intel's competition, AMD's Lisa Su told the Code Conference last month that chip supply would be "likely tight" before getting better in 2022. 

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