The semiconductor materials crisis is not over yet. Intel, one of the largest manufacturers of microprocessors and devices on the market, said in an interview with CNBC with the voice of its CEO, Pat Gelsinger, that the shortage of chips will gradually improve throughout the year. Next year, but we will have to wait until 2023 to see a balance between supply and demand according to the pre-pandemic era. This situation directly affects the production of products such as PlayStation 5 and Xbox Series X | s.
Gelsinger is clear: the shortage of CPU and graphics cards can extend until 2023. “We are in the worst case now, every quarter of next year we will gradually improve, but we will not have any balance between supply and demand before 2023”, said. said. The manager notices that the stock of his NASDAQ listed company is down 8% due to this difficult situation. The market for motorsports, home appliances and other consumer electronics is also affected by the lack of supply.
As expected, the case of the meteoric shortage of supply and demand for new generation consoles, which has persisted for more than 18 months, lives in the same reality as the distribution of other essentials: it collapsed.
Although Sony Interactive Entertainment estimated an improvement in the display in the second half of 2021, AMD, the maker of processors and graphics chips for the PS5 and Xbox series, indicated in October that it would be necessary to wait until the second half of 2022; An opinion shared by Phil Spencer, CEO of Xbox.
The global trade chain has been blocked
On October 24, a report was published in EL PAÍS Economía that examines how this situation is affecting the world. Businesses cannot meet consumer demand, and as a result, prices become more expensive, products arrive late, and customers are not completely satisfied.
The price of the container is the common denominator regardless of the product that is shipped worldwide. If before the pandemic started, around March 2020, a 40-foot container could cost an average of around $ 1,500, now the price has risen to more than $ 10,000 at the exchange rate. Also, delivery times were affected. From 25 to 30% of the containers in the maritime transport were delivered late, we went to a state of 64 to 65% of late deliveries.
While top European government officials try to prioritize sanitary materials, which align with other non-essential materials, prioritizing deliveries does not rule out other materials such as iron, wood, etc., steel, stone or asphalt have become a lot more expensive in recent times. months. .
Sources | CNBC (via VGC) El País
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