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- The global chip shortage, which has been exacerbated by the Covid-19 pandemic, is expected to continue until at least the second half of 202212. The U.S. and Europe are investing billions to compete with China and support chip manufacturers3. Despite the shortages, global semiconductor sales are predicted to rise by 10% to $606 billion in 20224.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Intel’s Pat Gelsinger now expects the semiconductor industry to suffer supply shortages until 2024. The CEO told CNBC the extended timeline for the chip crunch is now due to a lack of manufacturing equipment. Intel on Thursday reported weaker-than-expected guidance for its fiscal second quarter.www.cnbc.com/2022/04/29/semiconductor-shortag…Chip shortages to last into second half of 2022, says US Department of Commerce report | ZDNET Home Tech Computing Processors Chip shortages to last into second half of 2022, says US Department of Commerce The government agency released survey findings that offered no optimism for easing supply chain constraints over the next six months.www.zdnet.com/article/chip-shortages-to-last-into-s…A global shortage of chips exacerbated by the Covid-19 pandemic is likely to get worse before it gets better. The U.S. and Europe are investing billions to compete with China, promising to back chip manufacturers such as Intel Corp. with a combined $100 billion subsidy.www.bloomberg.com/news/newsletters/2022-03-16…Global semiconductor sales were up by 25% in 2021 despite ongoing shortages, and they are predicted to rise a further 10% to US$606 billion in 2022. 23 This is almost ten times greater than the 1990 figure of US$58 billion.www2.deloitte.com/us/en/insights/industry/technolo…
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