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Tag: Pat Gelsinger

  • Intel CEO predicts global chip shortages could last until 2024

    Intel CEO predicts global chip shortages could last until 2024

    The global chip shortage is expected to remain an issue until 2024, according to Intel CEO Pat Gelsinger.

    The global semiconductor shortage is continuing to squeeze the electronics industry by limiting the manufacture of chips. While efforts are being made to try and improve the situation, Intel’s CEO doesn’t think supplies will ease anytime soon.

    In an interview with CNBC, Gelsinger stated that he believes shortages will remain until 2024, with limited availability of manufacturing tools impacting the ability to expand production and meet demand.

    “That’s part of the reason that we believe the overall semiconductor shortage will now drift into 2024, from our earlier estimates in 2023, just because the shortages have now hit equipment and some of those factory ramps will be more challenged,” the CEO said.

    Gelsinger’s comments followed Intel’s quarterly report, in which the company took in $18.35 billion in revenues. Unfortunately, shares declined in trading due to a lower-than-expected fore care.

    Intel has stated that it is currently investing in U.S. and Europe-based chip production facilities to help address the problem.

    “We’ve really invested in those equipment relationships, but that will be tempering the build-out capacity for us and everybody else, but we believe we’re positioned better than the rest of the industry,” Gelsinger insisted.

    Gelsinger’s 2024 prediction is pessimistic, but other companies have also offered observations that the shortages will last for quite a while.

    As of November, Apple assembly partner Foxconn warned that chip shortages could last until the second half of 2022. In January, the White House concluded that the shortages could last until at least the latter half of 2022, with the supply chain deemed “fragile” at the time.

    Stay tuned for additional details as they become available.

    Via AppleInsider and CNBC

  • Actor Justin Long defects from Apple, begins endorsing Intel-based products

    Actor Justin Long defects from Apple, begins endorsing Intel-based products

    Back in the mid-2000’s, actor Justin Long was synonymous with Apple via the company’s “Get a Mac” commercials, wherein he playing a “Mac” and comedian John Hodgman played a “PC.”

    Now, Long has cast in a new Intel commercial wherein he identifies as “Justin” and extols the virtues of Intel-based PCs as opposed to Apple’s new M1-based MacBook notebooks.

    “These are all PCs,” Long says as he surveys a collection of laptops in the new ad. “Oh yeah, Intel! Nice. My face just unlocked that, that’s so cool. And I’ve never seen a screen like that on a laptop.”He moves on to look at the Mac lineup: “So these are the newer Macs? Okay. So, gray and gray-er.” 

    The new commercial marks the latest exchange of less-than-friendly, if not pointed commercials between Apple and Intel, and Apple has brought back Hodgman’s “PC” character to cite Apple’s new Mac features. Last fall, Apple began to transition away from Intel’s x86 chips to its own Apple Silicon chips in several of its newest computers, Apple citing faster speeds, quieter operating noises and longer battery life compared to previous Macs and rival notebooks.

    Intel’s commercials also mark the rise of new company CEO Pat Gelsinger, who seems to be taking a more aggressive stance against Apple, especially as Apple transitions to more of its own custom hardware for its computers.

    Here’s the Justin Long commercial and please let us know what you think in the comments:

    Via CNN