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Intel sees black: chip and plant crisis at least until 2024

Intel chip and plant crisis

Chips are a never-ending crisis . And predicting when it will end is apparently quite difficult, almost impossible. There are many factors at play that can affect the market, and certainly the protracted health emergency – especially in China – and the intensification of the Russian conflict can only make the situation even more uncertain. Intel has returned to talk on the subject , according to which the situation is not destined to improve in the short term .

The words are those of CEO Pat Gelsinger who, in an interview with CNBC, reveals how the production chain will not be able to return to full capacity before 2024 . A forecast in line with other major players in the market including Volkswagen, according to which it will be necessary to wait until 2024 before the situation normalizes. The most optimistic hope that 2023 will be the year of the turning point, and then there are those who are beginning to glimpse the first timid signs of recovery. Foxconn, for example, has found small signs defined as “promising” for the future of the production chain.

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CHIP AND TOOLS ARE MISSING

Intel reports that the problem is expanding, as the shortage of chips is also being accompanied by the limited availability of production tools . Lacking these, companies are unable to keep up with the growing demand. Gelsinger therefore opts for the more pessimistic view, revising his previous estimates which instead spoke of 2023 as the year of the turning point.

” The crisis has also affected the equipment “, explains the CEO, thus leaving little hope for a recovery of the sector in the short term. Which he adds: ” However, we believe we are better positioned than the rest of the sector “. He says this in the light of the investments planned in the United States and Europe for the construction of production plants, functional to the diversification of risk and to the enhancement of the offer.

All this immediately after the publication of the fiscal results that the Stock Exchange has badly digested, reporting a -6% at the end: revenues in the first quarter were equal to 18.4 billion dollars, 1 percentage point less than in the same period last year. year. Gross margin, operating margin and net income also fell ( -35% ).

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