Semiconductor Shortage Will Go Into 2024

The automotive industry is still struggling with a shortage of semiconductors at the moment, in addition to the Ukraine crisis. First estimates were that the shortage on the market should go until 2023, but now Intel CEO Pat Gelsinger spoke out and has corrected his own forecast further back to 2024.

“That’s part of the reason that we believe the overall semiconductor shortage will now drift into 2024, from our earlier estimates in 2023, just because the shortages have now hit equipment, and some of those factory ramps will be more challenged,” Gelsinger said during a CNBC Interview.

Although the semiconductor industry has been struggling with supply problems since the recovery after the COVID 19 outbreak, the problem has now shifted to a lack of production equipment and the problem of getting new factories up and running. Intel’s numbers show strong in Q1, but already in Q2, the forecast is not supposed to look particularly good.

Ganesh Moorthy, President, and CEO of Microchip Technology, on the other hand, continues to assume that the shortage will only last until 2023. “We expect these supply shortages to continue through much of 2022 and probably into 2023, even as we try to meet demand,” he told
This opinion is shared by Infineon Technologies, whose press spokesman said, “We expect the supply situation in some application areas, such as microcontrollers, to remain tight well into calendar year 2022 and parts of 2023.”

The topic of semiconductors remains one of the main concerns for automotive suppliers, as does the lockdown in China, which is taking on ever-greater forms, and the Ukraine crisis.

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