Global chip shortage expected to last until first half of 2023, says STMicro’s CEO

The current global chip shortage has put the PC component market on edge. We’ve seen price hikes and panic aplenty across the industry; reports have even surfaced of people smuggling silicon across borders by strapping CPUs to their bodies.  And it doesn’t look like the pressure will be lifting any time soon, with STMicro’s CEO now chiming in with his 2023 prediction.

Seemingly aligned with the forecast from Intel, IBM and TSMC—who placed the culmination of the chip crisis somewhere toward late 2022/early 2023—President and CEO of 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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