• Nigerian/African Tech
  • Start Up
  • Internet
    • App
    • Mobile
    • Software
  • Gadgets
  • Money
  • Video
Tech News, Magazine & Review WordPress Theme 2017
  • Home
  • Africa
  • Business
  • Video
  • Metaverse
  • AI
  • Gadgets
  • Earnings
  • Tips
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • Home
  • Africa
  • Business
  • Video
  • Metaverse
  • AI
  • Gadgets
  • Earnings
  • Tips
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
TechBooky
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Home Business

Intel CEO Warns Chip Shortage Won’t End Until At Least 2023

Olagoke Ajibola by Olagoke Ajibola
October 22, 2021
Share on FacebookShare on Twitter

Intel CEO Pat Gelsinger has said that the ongoing global chip shortage may persist for a lot longer than anticipated. Intel’s CEO discloses his expectation that the shortage may persist as far as 2023 at an interview with CNBC. Gelsinger said, “We’re in the worst of it now; every quarter next year, we’ll get incrementally better, but they’re not going to have supply-demand balance until 2023.”

Also On TechBooky

Android 13 Arrives For Pixel Devices With Significant Upgrades

Selecting The Right Software For Your Business: A Buyer’s Guide

The Best New Tools For Small Businesses

YouTube Is Experimenting A New feature Called Pinch-To-Zoom

5G Network Technology: Scaling Businesses With 5G Technology

Meanwhile, Intel’s rival AMD thinks otherwise. AMD CEO Dr. Lisa has shown much optimism with his expectations, while making comments at this year’s Code Conference, he mentioned that he believes supply would be “likely tight” for the near future, however “it’ll get better in 2022” as production capacity continues to ramp. He said, “It gets better next year, not immediately, but it’ll gradually get better as more plants come up.”

According to The Verge, Intel’s less-than-cheerful outlook comes at a time when the company announces a 2-percent dip in revenue for the Client Computing Group that produces its desktop and laptop chips, led by a 5-percent drop in notebook sales that Intel attributed to  “notebook ecosystem constraints” — meaning that laptop manufacturers lack adequate parts to go around. It’s a pattern that has been noticed in other reports, with analysts already noting elements of the shortages as a major cause of the recent decline in laptop sales.

The problem isn’t just a shortage of chips problem particularly, but rather it’s a problem as a result of shortage combinations of parts. Gelsinger explains that “We call it match sets, where we may have the CPU, but you don’t have the LCD, or you don’t have the Wi-Fi. Data centers are particularly struggling with some of the power chips and some of the networking or Ethernet chips.”

Although Intel recorded a reasonable growth in the sales of desktop PC components by 20%, however, the increase didn’t compensate for the 5% Intel lost on laptop sales. With the pandemic happening, both the PC and laptop markets have experienced unprecedented growth and rising market demand which cannot be matched as many shifted to remote work and school. It’s worth noting that Intel still saw a 5% year-over-year rise in total revenue of $18.1 billion. But with people starting coming out from remote work and returning to offices and in-person education, that growth started to drop again earlier this year, an issue that’s been further impacted by the recent component shortages.

Related Posts:

  • Intel Talks About Acquiring GlobalFoundries For $30 Billion.
    Intel Talks About Acquiring GlobalFoundries For $30 Billion.
  • Intel Announce Q1 Release Date For First-Gen Discreet Laptop GPU
    Intel Announce Q1 Release Date For First-Gen Discreet Laptop…
  • Intel Says It May Not Have Enough Arc Alchemist Cards To Meet Demand
    Intel Says It May Not Have Enough Arc Alchemist Cards To…
  • Apple Owned Cellular Modem Debuts In Two Years
    Apple Owned Cellular Modem Debuts In Two Years
  • Global Chip Shortage To Worsen With Russia's Invasion Of Ukraine
    Global Chip Shortage To Worsen With Russia's Invasion Of…
  • Production: Apple Reportedly Encounters Semiconductor Shortage
    Production: Apple Reportedly Encounters Semiconductor…
  • U.S. Speaker, Pelosi Says House Bill On Chip Investment, China Competitiveness Coming Soon
    U.S. Speaker, Pelosi Says House Bill On Chip Investment,…
  • Apple Forecast Slow Supply Chain Demand Going Into 2022
    Apple Forecast Slow Supply Chain Demand Going Into 2022
Tags: chipintellaptopsales
Olagoke Ajibola

Olagoke Ajibola

Olagoke Ajibola is a creative writer and content producer with an eye for details and excellence. He has a demonstrated history of telling stories for TV, Film and Online. Aside from being fascinated by the power of imagination, his other interest are travel, sport, reading and meeting people.

BROWSE BY CATEGORIES

Receive top tech news directly in your inbox

Loading

Recent

Android 13 Arrives For Pixel Devices With Significant Upgrades

Android 13 Arrives For Pixel Devices With Significant Upgrades

August 16, 2022
Meta Invests In Singaporean Startup, Take App, A Platform That Helps Merchants Sell Through WhatsApp

Meta Invests In Singaporean Startup, Take App, A Platform That Helps Merchants Sell Through WhatsApp

August 15, 2022
Nigerian Bookkeeping And Merchant Digital Platform, Pastel Raises $5.5M In Seed Round

Nigerian Bookkeeping And Merchant Digital Platform, Pastel Raises $5.5M In Seed Round

August 15, 2022
What Are The Subculture Aesthetics For Home Decor

What Are The Subculture Aesthetics For Home Decor

August 12, 2022
Biggest Announcements : Samsung Galaxy Unpacked 2022 Event

Biggest Announcements : Samsung Galaxy Unpacked 2022 Event

August 11, 2022
Samsung’s Galaxy Buds 2 Pro Launched With Hi-Fi Audio & More

Samsung’s Galaxy Buds 2 Pro Launched With Hi-Fi Audio & More

August 11, 2022
Samsung Galaxy Watch 5 Debuts With A Bigger Battery And More

Samsung Galaxy Watch 5 Debuts With A Bigger Battery And More

August 11, 2022
Selecting The Right Software For Your Business: A Buyer’s Guide

Selecting The Right Software For Your Business: A Buyer’s Guide

August 11, 2022
New Security Capabilities For At-Risk Apple Users

New Security Capabilities For At-Risk Apple Users

August 11, 2022
Samsung Announces Galaxy Z Fold 4 With Software Improvement

Samsung Announces Galaxy Z Fold 4 With Software Improvement

August 10, 2022

Browse Archives

August 2022
MTWTFSS
1234567
891011121314
15161718192021
22232425262728
293031 
« Jul    

Receive top tech news directly in your inbox

Loading

About Us

TechBooky

TechBooky is a social Tech blog with a special focus on the budding African Technology sector. TechBooky is currently based in Abuja, Nigeria.

Subscribe to TechBooky

Enter your email address to subscribe to TechBooky and receive notifications of new posts by email.

Join 17,866 other subscribers.

Popular Tags

AI (231) amazon (92) android (276) app (582) Apple (451) artificial intelligence (245) business (300) china (112) cloud (130) cryptocurrency (145) ecommerce (107) enterprise (230) facebook (464) gadget (413) gaming (157) google (536) government (373) guest post (108) instagram (133) internet (336) ios (236) iphone (198) microsoft (255) mobile (267) new feature (268) nigeria (271) privacy (128) research (132) samsung (137) security (362) smartphone (223) social media (645) software (395) startup (249) streaming (135) telecom (155) tips (321) transport (101) twitter (199) united states (180) users (113) videos (111) website (143) whatsapp (127) youtube (103)

Quick Links

  • Home
  • Africa
  • Business
  • Video
  • Metaverse
  • AI
  • Gadgets
  • Earnings
  • Tips

Popular Post

  • Trending
  • Comments
  • Latest
Download Free Editable Resume Templates – Word / Docx – 2022

Download Free Editable Resume Templates – Word / Docx – 2022

July 25, 2022
The Best Free PC Games

The Best Free PC Games

July 29, 2022
Top 2 Methods To Convert CSV To vCard/VCF In 2022

Top 2 Methods To Convert CSV To vCard/VCF In 2022

February 2, 2022
Google Maps Revealed New Feature That Lets Users Share A Quick Location Update and More

Google Maps Revealed New Feature That Lets Users Share A Quick Location Update and More

March 12, 2021
How To Import PST To Office 365 Using Azure AzCopy

How To Import PST To Office 365 Using Azure AzCopy

December 2, 2021
iPhone SE 2nd Gen 2022: Everything You Need To Know Before Buying + 6 Key Differences

iPhone SE 2nd Gen 2022: Everything You Need To Know Before Buying + 6 Key Differences

July 27, 2022
Today’s Google Doodle Honours 44 Years Of Hip Hop

Today’s Google Doodle Honours 44 Years Of Hip Hop

1
Android 13 Arrives For Pixel Devices With Significant Upgrades

Android 13 Arrives For Pixel Devices With Significant Upgrades

August 16, 2022
Meta Invests In Singaporean Startup, Take App, A Platform That Helps Merchants Sell Through WhatsApp

Meta Invests In Singaporean Startup, Take App, A Platform That Helps Merchants Sell Through WhatsApp

August 15, 2022
Nigerian Bookkeeping And Merchant Digital Platform, Pastel Raises $5.5M In Seed Round

Nigerian Bookkeeping And Merchant Digital Platform, Pastel Raises $5.5M In Seed Round

August 15, 2022
What Are The Subculture Aesthetics For Home Decor

What Are The Subculture Aesthetics For Home Decor

August 12, 2022
Biggest Announcements : Samsung Galaxy Unpacked 2022 Event

Biggest Announcements : Samsung Galaxy Unpacked 2022 Event

August 11, 2022
Samsung’s Galaxy Buds 2 Pro Launched With Hi-Fi Audio & More

Samsung’s Galaxy Buds 2 Pro Launched With Hi-Fi Audio & More

August 11, 2022

Recent News

Android 13 Arrives For Pixel Devices With Significant Upgrades

Android 13 Arrives For Pixel Devices With Significant Upgrades

August 16, 2022
Meta Invests In Singaporean Startup, Take App, A Platform That Helps Merchants Sell Through WhatsApp

Meta Invests In Singaporean Startup, Take App, A Platform That Helps Merchants Sell Through WhatsApp

August 15, 2022
Nigerian Bookkeeping And Merchant Digital Platform, Pastel Raises $5.5M In Seed Round

Nigerian Bookkeeping And Merchant Digital Platform, Pastel Raises $5.5M In Seed Round

August 15, 2022
What Are The Subculture Aesthetics For Home Decor

What Are The Subculture Aesthetics For Home Decor

August 12, 2022
Biggest Announcements : Samsung Galaxy Unpacked 2022 Event

Biggest Announcements : Samsung Galaxy Unpacked 2022 Event

August 11, 2022
Samsung’s Galaxy Buds 2 Pro Launched With Hi-Fi Audio & More

Samsung’s Galaxy Buds 2 Pro Launched With Hi-Fi Audio & More

August 11, 2022
  • About TechBooky
  • Submit Article
  • Advertise Here
  • Contact us
  • Privacy Policy
  • Disclaimer
  • Login

© 2021 Design By Tech Booky Elite

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • Home
  • Africa
  • Business
  • Video
  • Metaverse
  • AI
  • Gadgets
  • Earnings
  • Tips

© 2021 Design By Tech Booky Elite