Intel CEO Expects Semiconductor Shortage to Last Until 2024

Intel CEO Pat Gelsinger discusses the ongoing supply chain disruptions and chip shortages, predicting a balance by 2024. He highlights the global economic slowdown's impact on demand, with a focus on shifting chip production to the US and Europe for a resilient supply chain. Gelsinger emphasizes the importance of government support through the US and European Chips Acts. He also addresses industry consolidation, including Broadcom's potential acquisition of VMware, and stresses Intel's long-term investment strategy amid economic uncertainties.

What year does Intel CEO Pat Gelsinger predict for a balance in the semiconductor supply chain?

• 2024

• 2022

• 2025

• 2023

How has the global economic slowdown affected the PC industry according to Pat Gelsinger?

• The PC industry is expected to collapse.

• The PC industry is expected to remain flat or decline slightly.

• The PC industry is expected to grow significantly.

• The PC industry is unaffected by the slowdown.

What is Intel's strategy to address the dependency on Asia for chip production?

• Focus on digitalization.

• Prioritize production in the US and Europe.

• Reduce production globally.

• Increase production in Asia.

What is the goal of the US and European Chips Acts according to Pat Gelsinger?

• To focus solely on consumer electronics.

• To increase chip production in Asia.

• To achieve a 50-50 production balance between Asia and the West by 2030.

• To eliminate chip production in the US and Europe.

What does Pat Gelsinger see as a fundamental solution to supply chain resilience?

• Increasing transparency in supply chain data.

• Reducing production costs.

• Focusing on consumer demand.

• Building more resilient supply chains with balanced production.

What is Pat Gelsinger's view on industry consolidation?

• It is harmful to the industry.

• It is a natural cycle of acquisitions and new offerings.

• It should be avoided at all costs.

• It is only beneficial for large companies.

What is the significance of public-private partnerships according to Pat Gelsinger?

• They focus on short-term gains.

• They only benefit government agencies.

• They help drive industry policy for long-term resilience.

• They are unnecessary for industry growth.