Intel’s future is looking a bit grim. And the reality is the chip maker’s problems are only going to get more challenging. By Tae Kim.
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Buyers of Apple’s new iPhone 13 face longer-than-expected delivery times because of a wave of Covid-19 infections in Vietnam.
Intel said its factories will start making Qualcomm chips as it laid out a road map on Monday to expand its new foundry business to catch rivals such as Taiwan’s TSMC and Samsung Electronics by 2025.
Chip maker Intel said it still faces supply chain constraints and gave an annual sales forecast that implied a weak end of the year.
Chip makers from Taiwan to the US are cranking up production to address shortages that have hammered car manufacturers and other customers as they try to emerge from the coronavirus pandemic.
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.
Intel CEO Pat Gelsinger has predicted the shortage of semiconductors that’s hurting industries from automotive to consumer electronics will bottom out in the second half of this year.
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.