Chip shortage to extend to 2024 - Intel CEO - Breaking The News

Chip shortage to extend to 2024 - Intel CEO

29 April

1 min read

EPA/JAGADEESH NV

A shortage of semiconductors is likely to remain a challenge in 2024 as well, CEO of Intel Corporation Patrick Gelsinger said on Friday.

Despite the challenges, the company is well-positioned to respond to the crisis, he told CNBC without elaborating and vowed that the company will strive to improve "transparency" in regard to data security concerns.

After a somewhat disappointing earnings report from a day ago, Intel's shares traded 5.51% in the red at 11:24 am CET, selling for $44.21.

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