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Wait, the chip shortage is lasting longer than next year?

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2 years ago

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Your next iPhone and car will be delayed in production due to the chip shortage, but the crisis could last longer than expected

Intel CEO now says the chip shortage will ‘drift’ into 2024.

This comes just six months after predicting the global chip shortage would last until next year.

Now Intel CEO Pat Gelsinger is suggesting it could be the year after until some sort of normality.

The CEO told Bloomberg the semiconductor shortage will now drift into 2024 because the shortages have now hit equipment and factories are facing more challenges

The ‘chip shortage’ is a complex issue.

In fact, Intel’s own chips are doing fairly well.

“For the first time in years, Intel fabs and our substrate supply are close to meeting our customers’ demand,” Gelsinger said yesterday on the company’s Q1 2022 earnings call.

“We expect the industry will continue to see challenges until at least 2024 in areas like foundry capacity and tool availability as an IDM,” he said on the call.

Intel is one of the companies investing heavily in new production lines, with the first new fabs in Chandler, Arizona, scheduled to open in 2024.

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ASX positioned for strong start after positive stock rebound

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2 days ago

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September 10, 2024

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The ASX is set for a solid opening today, bolstered by overnight gains in the banking, commodities, and energy sectors.

Despite these positive movements, analysts are suggesting that the stock rebound and bond decline appear to be technically driven, noting that it may not mark the beginning of a longer-term trend.

Market analyst David Scutt from StoneX joins to discuss the latest market movements. #featured #trending

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Elon Musk is projected to become the world’s first trillionaire

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3 days ago

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September 9, 2024

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Elon Musk, the visionary entrepreneur behind Tesla and SpaceX, is projected to achieve an unprecedented financial milestone by becoming the world’s first trillionaire by 2027.

Currently the richest person alive, Musk holds a staggering net worth of $251 billion, with Tesla playing a major role in his fortune.

At this rate, experts predict his wealth could skyrocket, reaching the trillion-dollar milestone in just three years.

Tesla itself is growing at a remarkable pace, with a market value nearing $670 billion. #featured #trending

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Treasury Secretary believes the U.S. are on track for a “safe landing”

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3 days ago

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September 9, 2024

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Treasury Secretary Janet Yellen pointed to a “soft landing” for the economy, with unemployment slightly down despite slower job creation.

In a recent interview on Bloomberg, Yellen stated that “For the US, the kinds of metrics that we would monitor that would summarise risks — whether it’s asset valuations or a good degree of leverage — things look good, I don’t see red lights flashing”. #featured #trending

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