The semiconductor industry has been going through hard times since last year, and it will take time to recover from the crisis. Resolving the chipset shortage problem will take several years. At least that’s what the newly minted Intel CEO Patrick Paul Gelsinger thinks, quoted by Reuters.

During his speech at the virtual press conference at Computex in Taipei, Pat Gelsinger commented on the crisis in the semiconductor market. In his opinion, it is not worth hoping that the deficit will be managed by the end of 2021 or 2022. A problem that has already affected many industries, from automotive to computing, will take several years to resolve.

“While the industry has taken steps to remove short-term constraints, it may take several more years to resolve the issue of capacity and component shortages,” the Intel chief said.

He noted that the coronavirus pandemic had exerted tremendous pressure on the global market and supply chain. It has led to a massive shift to telecommuting and distance learning and, as a result, an explosive growth in demand for semiconductors.

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Interestingly, this is not the first time that Gelsinger has announced a protracted shortage of microcircuits. Back in April, he said that the crisis would only subside in a couple of years while promising that his company would start ramping up chip production to address shortages in the auto industry over the next six to nine months.

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