The Santa Clara company announced lower sales at its last meeting with shareholders and that has caused its shares to drop 8%. Pal Gelsinger has warned that the shortage of chips will not be solved in a matter of months and they anticipate that it will last until 2023.
Chip shortage will last another year according to Intel
Intel has indicated that it waited around $ 18.3 billion in sales during the fourth quarter, compared to analysts’ expectations for $ 18.24 billion.
Intel’s largest business, its group dedicated to consumer computing, is down 2% this year to $ 9.7 billion. That includes PC chip revenue. Intel has indicated that PC sales were down due to the drop in laptop sales due to the shortage of chips. Customers may have lacked other parts they needed to finish assembling the laptops.
“We call it match sets, where we can have the CPU, but you don’t have the LCD screen, or you don’t have the Wi-Fi. Data centers are particularly struggling with some of the power chips and some of the network or Ethernet chips »said Intel CEO Pat Gelsinger in an interview with CNBC.
Gelsinger said that PC demand remained strong and that it did not expect the semiconductor shortage to end until 2023. “We are at the worst now, each quarter of next year we will gradually improve, but there will not be a balance between supply and demand until 2023”Gelsinger said.
So, you already know if you are looking to buy a computer, be clear that the problem with the shortage of chips will last throughout the year 2022. Consoles, laptops and other equipment that need processors will come out with a dropper.