Intel President: The shortage of semiconductor chips cost us $240 billion, and the crisis continues until 2024

Intel President: The shortage of semiconductor chips cost us $240 billion, and the crisis continues until 2024

During a press conference, Intel CEO Patrick Gelsinger discussed the company’s quarterly reports, in which he spoke candidly about manufacturing problems, the supply of semiconductor chips, and the lack of production capacity plaguing companies worldwide.

The head of Intel Corporation stated that the cost of the severe shortage of semiconductor components has cost the US economy a loss of 240 billion dollars, and it is currently making huge efforts to become an important and essential player in the market for manufacturing these chips.

More than 30 types of experimental components will be released to various third-party customers using Intel 16 technology built at Intel’s assembly line in Ireland.

During the second half of this year, the digital designs of these products, which will be produced using Intel 3 and 18A technologies, will be fully ready, as the company will prove to all its customers that it can deliver the quality that is expected of it.

As Intel explained in its quarterly report, its contract customers are traditional companies, cloud service providers, auto parts suppliers and airlines, according to the company’s statement, and it is expected that both Sony and Microsoft will have a share of this in order to cover the demands on home consoles.

source: intel
The company reports indicated that the decline in revenues in the computing and technology sector reached some 13%, which was estimated at more than nine billion dollars compared to the first quarter of last year, and this was due to the epidemic period that contributed significantly to these problems, in addition to the closures in China And a combination of geopolitical shocks and inflation.

We also remember that a few months ago, US President Joe Payne ordered Intel to open two new factories at an initial cost of about $20 billion. On the other hand, she stressed that these factories will not open their doors and start operating before 2025, which means that the shortage in semiconductors will continue for at least a full year, as the source mentioned.

More about semiconductors
With the new developments that the world is going through at the present time, from the events and results of the Russian-Ukrainian war, which led to the obstruction of some trade routes through which global shipping vessels cross, and the sanctions imposed on Russia. A lot of logistics is affected globally.

More about semiconductors
With the new developments that the world is going through at the present time, from the events and results of the Russian-Ukrainian war, which led to the obstruction of some trade routes through which global shipping vessels cross, and the sanctions imposed on Russia. A lot of logistics is affected globally.

Where Russia is one of the largest producers of important materials that enter the technology industries. A source said that the European Union is also proposing a ban on exports to Russia worth another 10 billion euros annually. Including semiconductors, computers, various technology and other electrical equipment and transmission equipment.

In addition, two of the largest Ukrainian neon suppliers, Ingas and Cryoin, based in Mariupol, are completely destroyed. Because of the Russian bombing, Odessa is also waiting for its turn, which in turn affected the global shortage of semiconductor chips.

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