The global chip shortage is expected to last until the first half of 2023, according to the CEO of STMicro

The global chip shortage is expected to last until the first half of 2023, according to the ceo of stmicro

The current global shortage of chips has put the PC component on the brink. We have seen price rises and panic across the industry; there have even been reports of people smuggling silicon across borders tying CPUs to their bodies. And the pressure doesn’t seem to be rising anytime soon, as STMicro’s CEO is joining his 2023 forecast.

Apparently aligned with the forecasts of Intel, IBM and TSMC – which placed the culmination of the chip crisis in late 2022 / early 2023 – the president and CEO of the European chip maker, STMicroelectronics, Jean-Marc Chery, is confident things will return to normal, but "not before the first half of 2023."

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