International Trade

Chip shortage will last beyond 2022 as demand far outstrips supply, Intel chief says

Pat Gelsinger, chief executive officer of VMWare Inc., speaks during the Montgomery Summit in Santa Monica, Calif., in 2017. 700017322

The global semiconductor shortage hammering the auto industry and other manufacturers is going to take "a couple of years" to abate, as demand soars alongside limited manufacturing capacity, the CEO of chip-making giant Intel said.

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