The chip shortage plaguing the world is expected to continue for some time. According to CNBC, Intel CEO Pat Gelsinger made a statement on the lack of cores at the World Economic Forum (WEF) in Davos on the 23rd. In his view, the problem of chip shortages is expected to continue until 2024. In addition, the problem of chip shortage has also caused a bottleneck in the supply of advanced chip manufacturing equipment, which in turn hindered the expansion plan of global chip production capacity.

Pat Gelsinger said the company has plans to build new fabs in the U.S. and Europe, but the lead time for chip-making equipment has been extended significantly. He believes that the number one problem in expanding production capacity at present is the supply bottleneck of chip manufacturing equipment.

He pointed out that Shanghai's city closure policy changed his original optimistic view. Under China's zero-clearing policy, ports were forced to close, resulting in a backlog of equipment, and even the deterioration of some supply chains, highlighting the urgency of global supply chains need to be rebalanced .

In response to the still severe global chip shortage, Pat Gelsinger bluntly stated that it is unlikely to end before 2024. He also said that if it can get relevant government support, Intel will invest. If it goes well, the chip shortage crisis can be overcome in about two years.

Intel previously announced that it will invest 80 billion euros in the EU semiconductor industry in the next 10 years, with an investment of more than 33 billion euros, including an investment of 17 billion euros in Germany, the construction of 2 semiconductor fabs, and the establishment of an R&D in France. and OEM design centers, and expanded R&D, manufacturing, OEM services and back-end production in Ireland, Italy, Poland and Spain.

In January 2022, Intel also announced a plan to build a $20 billion fab in Ohio, USA, and the implementation of these plans must rely on the smooth supply of advanced chip manufacturing equipment.

Pat Gelsinger emphasized that he is actively urging the US and European authorities to speed up legislation to subsidize and reward related investments. Since both regions have introduced their own chip bills to promote the development of local semiconductor manufacturing, such plans require subsidies and incentives from relevant authorities to further achieve.