Friday, 24 March, 2023
Intel CEO says Chip shortage will last till 2023
<p>Intel's stock decreased over 8% after an announcement that the global chip shortage affected it's PC business. Adding to worries, Intel CEO Pat Gelsinger said that while improvements were being made every quarter, Supply-demand balance won't be achieved until 2023, which is when the semiconductor shortage will end. Intel announced its Q3 results with 5% increase in revenue year-on-year.<br /> </p>
Read full story at Business Insider
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