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Chip crisis seen easing next year, Intel CEO says Intel CEO Pat Gelsinger Intel CEO Pat Gelsinger has predicted the shortage of semiconductors that’s hurting industries from automotive to consumer electronics will bottom out in the second half of this year before starting to improve. “I don’t expect the chip industry is back to a healthy supply-demand situation until 2023,” he said in an interview. “For a variety of industries, I think it’s still getting worse before it gets better.” The global economy’s rebound from the depths of the pandemic has caused a flood of demand for the components that are the heart of all modern electronics. Lockdowns and changes in the way that large chunks of the world’s population work has speeded up a shift to digital systems and that has further stretched the semiconductor industry’s ability to keep up with the flood of orders, according to Gelsinger.

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