Intel chief warns of two-year chip shortage
Tech & IT desk || shiningbd
Intel's chief executive, Pat Gelsinger, says the worst of the global chip crisis is yet to come.
Mr Gelsinger predicts the shortage will get worse in the "second half of this year" and it will be "a year or two" before supplies return to normal.
The disruption, caused by huge demand for devices, the pandemic, and poor relations between the US and China, has created "a very large gulf", he says.
He stressed the need to "normalise" relationships with China.
Mr Gelsinger told the BBC that building new factories will be crucial - but will take time.
He says Intel would announce new semi-conductor factories in the US and Europe by the end of the year, but warns: "It's going to be a year - to two years - until we're back to some reasonable supply-demand balance."
It comes against a backdrop of "pretty poor relations between the US and China - and the whole industry being caught up in that conflict".
Intel has 25% of its revenue tied up in China, which Mr Gelsinger says has "an insatiable thirst for technology that helps them digitise their economy".
He said he hoped that Intel could be "as influential as possible" in bringing back good relations between the US and China.