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Intel Warns of Consumer Chip Shortages for Q3

Shortages of chips and components have plagued the high-tech industry for several quarters now and while semiconductor companies and their peers are investing in additional manufacturing capacities, there is no light at the end of the tunnel. This week Intel warned that in Q3 there will be unprecedented shortage of chips for consumer PCs. 

“Persistent industry-wide component and substrate shortages are expected to lower CCG revenues sequentially,” said George Davies, chief financial officer of Intel, said during Intel’s Q2 2021 conference call with analysts and investors (via SeekingAlpha). “We expect supply shortages to continue for several quarters but appear to be particularly acute for clients in Q3. In datacenter, we expect enterprise, government and cloud to show further recovery in Q3.”