US tech giant expects chip challenges to persist for two more years ...News

Shortage of semiconductors in the US cost American economy $240 billion in 2021 US chip-making giant Intel has warned that the ongoing chip shortage will linger until 2024 and possibly beyond. “The chip shortage cost the US economy $240 billion last year, and we expect the industry will continue to see challenges until at least 2024 in areas of foundry capacity and tool availability,” Intel CEO Pat Gelsinger said in a Thursday earnings call. Gelsinger also said Intel had been working to “mitigate” any disruptions from the current lockdowns in Shanghai, along with the Russia-Ukraine military conflict, adding that m

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