Chip maker Intel said it still faces supply chain constraints and gave an annual sales forecast that implied a weak end of the year.
The world’s most important chip maker expects revenue to climb 20% this year. But the incredible cost of meeting outsize demand is starting to eat away at the bottom line.
Car makers slashed production. PlayStations got harder to find in stores. Broadband providers faced months-long delays for Internet routers. The reason? An abrupt and cascading shortage of semiconductors.
Intel’s CEO said on Monday it could take several years for a global shortage of semiconductors to be resolved.
Nvidia forecast second quarter revenue above analysts’ estimates on Wednesday. However, it could not say how much of its recent revenue rise was driven by the cryptocurrency market.
ARM on Tuesday deepened its rivalry with Intel by releasing a batch of new chip technology aimed at grabbing more market share among laptop computers.