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TSMC s Q2 revenue rises 20% as demand for chips soar in face of shortage
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Smartwatch explodes causing third-degree burns on 4-year-old girl
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Intel CEO says chip shortage will continue throughout this year Jun 26, 2021, 8:44 PM
As many of you know, we are in the middle of a chip shortage that has been impacting automobile and consumer electronic manufacturers. Bloomberg reports that Intel CEO Pat Gelsinger sees the shortage continuing throughout the remainder of this year, bottoming out during the second half of 2021 before things start to improve. In fact, the executive doesn t expect the supply-demand picture to return to normal until 2023.
Gelsinger said, I don’t expect the chip industry is back to a healthy supply-demand situation until ’23. For a variety of industries, I think it’s still getting worse before it gets better. Last month, we told you that the lead time, the time it takes between placing an order for semiconductors and actually receiving them, hit 17 weeks in April; that was the longest lead time recorded by Susquehanna Financial since 2017 and was a big jump compared to the previo