Intel, TSM Anticipate Semiconductor Crisis To Extend Beyond 2021: Bloomberg

Intel Corp INTC CEO Pat Gelsinger expects the pandemic-induced home gadget-led global semiconductor chip crisis for the different industries to extend for several years, Bloomberg reports.
The company was reworking some of its factories to drive production and counter the chip crisis for the auto industry.
The supply chain might take several months to ease down, according to Gelsinger.
Global companies expect the supply chain disruption and chip crisis to extend for a major part of 2021.
Gelsinger emphasized the U.S.’s global falling semiconductor manufacturing position, which declined from 37% to 12% in twenty-five years. Intel’s high-end, cutting-edge chip manufacturing added to the dismay.
Gelsinger also emphasized U.S. manufacturing to drive U.S. jobs and long-term technology control to resolve supply chain constraints.
Taiwan Semiconductor Manufacturing Co Ltd TSM Chair Mark Liu expects to cater to the minimum customer requirement by June end.
TSM reportedly tried to generate the most possible chips for car companies after hearing about the crisis last year.
Liu expects the crisis to intensify by 2021 end or early 2022.
Liu said the crisis would continue due to the pandemic irrespective of the production location, in justification of the Asian suppliers accounting for 75% of semiconductor chip manufacturing.
Price action: INTC shares traded lower by 0.78% at $57.08, and TSM shares traded lower by 0.72% at $115.89 on the last check Monday.