The global chip shortage could last until 2023

  • 📰 CNBC
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 72%

United States Headlines News

United States Latest News,United States Headlines

Glenn O'Donnell, a vice president research director at advisory firm Forrester, believes the shortage could last until 2023.

"Because demand will remain high and supply will remain constrained, we expect this shortage to last through 2022 and into 2023," he wrote in aO'Donnell expects demand for PCs, which contain some of the most advanced chips, to "soften a bit" in the coming year but "not a lot."

"Couple that with the unstoppable desire to instrument everything, along with continued growth in cloud computing and cryptocurrency mining, and we see nothing but boom times ahead for chip demand," said O'Donell. "If you listen to Ford, BMW, Volkswagen, they all highlighted that there's bottlenecks in capacity and they can't get the chips they need to manufacture the new cars," he said.

Gartner analyst Alan Priestley told CNBC Thursday that the situation may improve for some sectors in the next six months, but that there may be a "knock-on effect" into 2022.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

JonFurmanic Hmm Doritos 👀

car companies can start building pre semi conductor cars ... I would like a new 1957 Chevy

😩

It's Transitory - JPOW It's over in a hundred years.

Alternate headline: One guy said 2023 and everyone else thinks EOY 2021

Here we go with yet another shortage of something. This bullshit has become WAY too played out! 😑

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

$3 A Gallon Gas? Here’s Why A Cyberattack On A Pipeline Company Has Experts Worried Prices Will Stay HighExperts warn a long-lasting shutdown could lead to price surges and fuel shortages. FakeNewsAlert Cyber attack lead by Liberal Left ? Who else benefits Because they can.
Source: Forbes - 🏆 394. / 53 Read more »

$3 A Gallon Gas? Here’s Why A Cyberattack On A Pipeline Company Has Experts Worried Prices Will Stay High$3 a gallon gas? Here’s why a cyberattack on a pipeline company has experts worried prices will stay high:
Source: Forbes - 🏆 394. / 53 Read more »

$3 A Gallon Gas? Here’s Why A Cyberattack On A Pipeline Company Has Experts Worried Prices Will Stay High$3 a gallon gas? Here’s why a cyberattack on a pipeline company has experts worried prices will stay high: 4.5 in LA already. Voters deserve it for voting in CA gas tax hikes. BlackBerry has the technology to prevent that It’s almost $5 out west...
Source: Forbes - 🏆 394. / 53 Read more »

BioNTech to Make Covid-19 Vaccines in SingaporePfizer partner BioNTech plans to start making Covid-19 vaccines in 2023 at a new Asia headquarters in Singapore They getting ready to sell you on quarterly shots. Singapore 🇸🇬okay thanks 😊but not India Republicans be fiercely. United. Wolfs.
Source: WSJ - 🏆 98. / 63 Read more »

Former FDA chief Scott Gottlieb: Breaking vaccine patent won't solve global shortageThe Biden administration announced last week that it supports waiving intellectual property protections for Covid-19 vaccines in order to address the global shortage. Dr. Scott Gottlieb, member of the boards of Pfizer and biotech company Illumina and former FDA commissioner, joined 'Squawk Box' on Monday to discuss his thoughts on the debate. ScottGottliebMD Thanks, but NO thanks. Will wait until we are closer to 70%immunized. ScottGottliebMD Here come the liberal whiners per usual. Y’all are vaxxed and can still wear youre masks or stay home right? ScottGottliebMD Thank you, Scott!
Source: CNBC - 🏆 12. / 72 Read more »