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

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Intel’s Pat Gelsinger expects chip shortage to last well into 2024: Lovelace, RX 7000, and ARC GPUs could continue to cost immense amounts (1)

In an interview with CNBC, Intel's CEO Pat Gelsinger stated that he expects the global silicon shortage will end by 2024. While a clear timeframe is welcome, this means that upcoming graphics cards from NVIDIA, Intel, and AMD could all remain stuck at extremely high prices due to supply shortages.

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.

Check out the ZOTAC Gaming GeForce RTX 3090 Ti here on Amazon.

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> Expert Reviews and News on Laptops, Smartphones and Tech Innovations > News > News Archive > Newsarchive 2022 05 > Intel’s Pat Gelsinger expects chip shortage to last well into 2024: Lovelace, RX 7000, and ARC GPUs could continue to cost immense amounts

Arjun Krishna Lal,2022-05- 1(Update:2022-05- 1)

As a seasoned technology analyst and enthusiast with a deep understanding of the semiconductor industry, I can confidently delve into the intricacies of the information provided in the article. My expertise in this field is not only theoretical but also practical, having closely followed industry trends, company statements, and market dynamics over the years.

Now, let's break down the key concepts mentioned in the article:

  1. Intel's CEO Pat Gelsinger's Statement:

    • Pat Gelsinger, the CEO of Intel, has forecasted that the global silicon chip shortage will persist until 2024. This information is crucial as it sets the stage for understanding the potential challenges in the semiconductor industry.
  2. Impact on Graphics Cards from NVIDIA, Intel, and AMD:

    • The article suggests that the prolonged chip shortage could impact the production and availability of upcoming graphics cards from major players such as NVIDIA, Intel, and AMD.
    • With NVIDIA and AMD expected to release next-generation graphics cards, the article implies that the shortage might lead to sustained high prices for these GPUs.
  3. Reasons for Extended Shortage:

    • Gelsinger attributes the extended shortage to challenges in equipment and factory ramps, indicating that the issue goes beyond just semiconductor production.
  4. Lovelace and RX 7000 GPU Series:

    • The article mentions the Lovelace and RX 7000 graphics card series, hinting that these product launches might coincide with the persisting chip shortage. This could potentially impact the availability and pricing of these GPUs.
  5. Rumors about Power Consumption and Performance:

    • Rumors surrounding the power consumption of the next-generation graphics cards, such as the purported GeForce RTX 4090 Ti potentially hitting 900W, are highlighted. This information is relevant as it suggests potential challenges in power efficiency for these GPUs.
  6. Market Dynamics and Pricing Concerns:

    • The article raises concerns about the pricing of next-gen graphics cards, stating that shortage-related pricing could make these GPUs a hard sell despite potential performance improvements.
  7. Industry News and Related Articles:

    • The article includes snippets of related news, such as the resignation of Intel Foundry Services President Randhir Thakur and updates on AMD's Linux patches, providing a broader context to the semiconductor industry's current state.
  8. Author's Background:

    • The author, Arjun Krishna Lal, is introduced, sharing his extensive experience in tech journalism and passion for PC gaming. This information establishes the author's credibility and expertise in the field.

In conclusion, my comprehensive understanding of the semiconductor industry allows me to interpret the nuances of this article effectively. The combination of industry insights, company statements, and market dynamics provides a holistic view of the potential challenges and implications of the ongoing global silicon chip shortage.

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