Intel CEO Sees Chip Shortages Lasting Through 2023

The video discusses the ongoing supply chain issues affecting various industries, particularly the auto industry, and the challenges in meeting the global surge in demand for semiconductors. It highlights plans for a new factory expected to be operational by 2025, which aims to address these shortages. Despite significant growth in the semiconductor industry, supply shortages are expected to persist through 2023 due to the time required to build advanced manufacturing facilities. The COVID-19 pandemic has further exacerbated these issues by increasing demand for PCs and other devices.

What factors contribute to the long lead time in building advanced manufacturing facilities?

Discuss the growth rate of the semiconductor industry as mentioned in the text.