World leading chip manufacturer Intel Corp. (INTC) is claiming that there is a high probability that it might take years to resolve the global semiconductor supply shortage and get things back to normal equilibrium.
Things took a shift when the pandemic set foot in the world early last year. Employees started working from home and learning activities also shifted to remote learning through online learning.
This shift is greatly responsible to the explosive increased demand of semiconductors across all consumer electronics globally.
Intel’s chief executive Pat Gelsinger, while on an interview with Washington Post said it will probably take years to revert the huge strain placed on chip manufacturers to meet increasing chip demand.
“But while the industry has taken steps to address near term constraints it could still take a couple of years for the ecosystem to address shortages of foundry capacity, substrates and components,” said Gelsinger.
Additionally, Gelsinger said Intel had put measures in place to remedy the situation in shortest time possible. Some of these measures by the company include setting up additional chip manufacturing plants in the United States within six to nine months from April 2021.
Intel however says it will also be setting up additional chip plants in other parts of the world too to help meet the global chip shortage.
“We plan to expand to other locations in the U.S. and Europe, ensuring a sustainable and secure semiconductor supply chain for the world,” added the CEO.