Intel marks 2023 at the earliest for TSMC and NVIDIA chip shortages.
The ongoing chip shortage has seriously affected technology companies around the world.
Several tech executives also shared their own bleak forecasts as part of their regular financial statements this week. The best prospect points to a few years.
Intel CEO Pat Gelsinger says it could take several years for the company to build capacity to potentially address supply shortages. In his previous statements, Gelsinger pointed to Intel’s current $ 20 billion plans to build a pair of factories in Arizona. In his interview this week, he praised the $ 50 billion chip production infrastructure plan proposed by US President Joe Biden.
TSMC CEO C.C. Wei also provided investors with a similarly gruesome forecast, saying the Taiwan-based company hopes to offer more capacity to meet retail and manufacturing demand by 2023. Although TSMC has announced that it intends to prioritize research, development and production in its home country, it is also making progress with its own manufacturing facility in Arizona, which allegedly costs up to $ 12 billion.
Finally, NVIDIA CFO Colette Kress has a relatively more optimistic belief with the 2022 first quarter forecast. Until then, they expect demand to continue to exceed supply for much of this year, says Kress.
On the other hand, it is also a matter of curiosity how the growth of new factories will result. Also, time will tell how long the construction times will take and whether the production lines will be as efficient as predicted when they are opened.