Intel’s Pat Gelsinger expects chip shortage to last well into 2024: Lovelace, RX 7000, and ARC GPUs could continue to cost immense amounts

Intel CEO Pat Gelsinger recently spoke with CNBC and had a rather grim prognosis with regards to the global silicon chip shortage. According to Gelsinger, the shortage will persist well into 2024. He said the following during the interview:

"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's statement is somewhat problematic because it indicates that shortages could continue well into the Lovelace and RX 7000 days. With both NVIDIA and AMD set to out their next-generation graphics cards later this year, this means that GPU prices could remain extremely high in the medium-term. Rumors indicate that both AMD and NVIDIA's new parts will guzzle a lot of power - the purported GeForce RTX 4090 Ti could hit 900W. While performance might be a definite step up from Ampere, shortage-related pricing could make next-gen cards a hard sell.

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