Difficulty in Buying PS5 and Xbox Series X|S Could Last Until 2023 Due to Global Chip Shortage
Intel is preparing for the global semiconductor shortage to last until 2022 or 2023, meaning that purchasing a next-gen consoles such as the PlayStation 5 and Xbox Series X|S will continue to be difficult.
Gelsinger also believes that the P.C. market will expand due to many people still working from home, “While we have work to do, we are making strides to renew our execution machine: 7nm is progression very well.” He added, “We’ve launched new innovative products, established Intel Foundry Services, and made operation and organization changes to lay the foundation needed to win in the next phase of our company’s great history.”
The lack of semiconductors has made it extremely difficult for gaming companies like Nintendo, Microsoft and Sony to meet the high demand of the Switch, PS5 and Xbox Series X|S, and players have had to either purchase their consoles at higher prices or try their luck in restocks that immediately sell out.