Intel CEO warns against continuation of global chip shortage

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Intel CEO warns against continuation of global chip shortage

The global semiconductor shortage roiling a wide range of industries likely won’t be resolved for a few more years, according to Intel Corp.’s new Chief Executive Officer Pat Gelsinger.

The company is reworking some of its factories to increase production and address the chip shortage in the auto industry, he said in an interview with CBS News, based on snippets from its “60 Minutes” program.

It may take at least several months for the strain on supply to even begin easing, he added.

[Bloomberg]
 
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