The CEO of Intel now claims that the chip shortage will 'drift' into 2024

The CEO of Intel now claims that the chip shortage will ‘drift’ into 2024

By the way, Intel is one of the firms investing substantially in new production lines, with new fabs being built in Ohio, Arizona, and Germany, though the present timeline predicts that none of those new fabs will be operational until the chip shortage is resolved. The first new factories in Chandler, Arizona, are not expected to debut until 2024.