4 years ago
Talha Sonmez
Pat Gelsinger, the CEO of Intel, now expects the chip shortage in the semiconductor industry to last until 2024. This statement comes from an interview by [CNBC](https://www.cnbc.com/2022/04/29/semiconductor-shortage-intel-ceo-says-chip-crunch-to-last-into-2024.html) with the CEO delaying his expectations of supply meeting demand by his previous prediction, which was 2023. Based on his last prediction, Intel's CEO expected production issues (shortages) to end by Q4 2023 for the PlayStation 5, Xbox Series X, and graphics cards (NVIDIA, AMD, Intel). Gelsinger now claims that the chip shortage is due to a lack of manufacturing equipment.
**Track Stock Here**:
[PS5](https://stock-checker.com/products/playstation-5.html) | [PS5 Digital](https://stock-checker.com/products/playstation-5-digital.html) | [Xbox Series X](https://stock-checker.com/products/xbox-series-x.html) | [NVIDIA GPUs](https://stock-checker.com/products/nvidia-rtx-30-series.html) | [AMD GPUs](https://stock-checker.com/products/amd-rx-6000-series.html)
https://stock-checker.com/uploads/IntelvsNVIDIAvsAMD.png
The CEO explained that the ongoing chip shortage within the global semiconductor industry is likely to continue as crucial manufacturing tools aren't readily available as expected. This issue leads to fewer chips produced, not enough to meet demand.
"That's part of the reason that 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," said Intel's CEO. Gelsinger's expectations contradict the expectations of Lisa Su, AMD's CEO. In October 2021, Su claimed the chip shortage to ease in the second half of 2022, making PS5s, Xbox Series Xs, and AMD graphics cards more readily available. Though AMD's CEO claimed new plants were underway to improve production at the Code Conference in California. "It might take, you know, 18 to 24 months to put on a new plant, and in some cases even longer than that," followed by "These investments were started perhaps a year ago." according to [CNBC](https://www.cnbc.com/2021/09/27/amd-ceo-lisa-su-says-chip-shortage-likely-to-end-next-year.html).
Console and graphics card manufacturers have struggled with stock shortages ever since COVID-19 began back in Q4 2020. Supply chains shut down, and demand soared past supply as gaming gained significant popularity during lockdowns when authorities told families to stay home. Though, PS5s and Xbox Series Xs are more available than ever before. [Xbox Series X](https://stock-checker.com/products/xbox-series-x.html)s have been available at multiple retailers in the UK & US for all of Q1 2022 and continue to remain in stock, with other retailers slowly following while they stock up. Whereas for [PS5](https://stock-checker.com/products/playstation-5.html)s, few retailers in the UK have had the console in stock (or pre-order) for almost a week. Two examples are Currys, who had PS5 bundles worth over £700 in stock for seven consecutive days, and GAME, with a PS5 + Horizon Forbidden West bundle worth £519 in stock for four successive days.
The story is a little different with graphics cards. NVIDIA's [RTX 30](https://stock-checker.com/products/nvidia-rtx-30-series.html) Series and AMD's [RX 6000](https://stock-checker.com/products/amd-rx-6000-series.html) Series have also been readily available online at most UK & US retailers. However, the issue with graphics cards is the inflated online prices. There is plenty of stock at multiple retailers offering graphics cards, though the prices are approximately £300/$300 above MSRP. Although this isn't what gamers wanted, it's the lowest graphics card prices have ever been, with prices continuing to decrease. As NVIDIA and AMD prepare for another generational leap with their upcoming graphics card refreshes (RTX 40 Series, RX 7000 Series), RTX 30 and RX 6000 Series graphics card prices are expected to decrease.
Now could be the best and worst time to buy a graphics card. Prices are at an all-time low and continue to decrease. However, NVIDIA and AMD are already hard at work on RTX 40 and RX 7000 Series graphics cards, meaning the more current-gen graphics cards are purchased in the market, the less there will be available on shelves as more aren't produced. Let's also keep in mind that AMD is working on releasing their 6X50 XT graphics cards (6000 Series refresh) with more VRAM and Intel's debut into the gaming GPU market with their Arc Alchemist cards.
**Disclaimers**
Talha Sonmez is the Founder & CEO of Stock Checker. You may follow him on Twitter [@Roekaine](https://twitter.com/Roekaine).
Images used in this article belong to Sony, Microsoft, NVIDIA, AMD, and Intel respectively.