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 are the main challenges faced by the semiconductor supply chain as discussed in the text?

According to Pat Gelsinger, when is the expected balancing of the semiconductor supply chain likely to occur?

What is the significance of the US and EU Chips Act according to the discussion?

How does Pat Gelsinger view the role of government support in the semiconductor industry?

What are the expected changes in the geographical distribution of semiconductor manufacturing by 2030?

What does Pat Gelsinger suggest is necessary for building a resilient supply chain?

What impact does the current economic uncertainty have on the semiconductor industry?