The global chip shortage will continue to be a problem for another two years, Intel CEO Pat Gelsinger believes, with semiconductor issues expected until 2024.

The global semiconductor shortage is continuing to squeeze the electronics industry by limiting the manufacture of chips. While efforts are being made to try and improve the situation, Intel’s CEO doesn’t think supplies will ease anytime soon.In an interview with CNBC, Gelsinger thinks shortages will hang around until 2024, with limited availability of manufacturing tools impacting the ability to expand production and meet demand.

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