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Chips are down until 2023, confirms IBM president

May 14, 2021

Towards the end of April, Intel and TSMC the indicated that the global shortage of semiconductors might continue until 2023. This week, IMB President Jim Whitehurst reportedly confirmed this timeline, telling BBC News it would take time for the industry to add the necessary capacity to ease the current chip shortage.

“There’s just a big lag between from when a technology is developed and when [a fabrication plant]goes into construction and when chips come out,” Whitehurst told the news outlet. “So frankly, we are looking at couple of years … before we get enough incremental capacity online to alleviate all aspects of the chip shortage.”

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