Out of stock of PS5 and Xbox Series until 2023? Intel is not optimistic

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The semiconductor materials crisis is far from resolved. Intel, one of the largest manufacturers of microprocessors and hardware on the market, has indicated during an interview with CNBC In the voice of its CEO, Pat Gelsinger, that the lack of chips will progressively improve over the next year, but it will take until 2023 to see a balance between supply and demand according to the pre-pandemic era. This situation directly affects the production of products such as PlayStation 5 and Xbox Series X | S.

Gelsinger is clear: the lack of CPU units and graphics cards may extend to 2023. “We are at the worst right now, each quarter of next year we will gradually improve, but we will not have a balance between supply and demand until 2023”, indicates the manager, aware that the shares of his company, which is listed on NASDAQ, have fallen 8% as a consequence of this complex situation. The market for motorsports, home appliances and other consumer electronics products are equally affected by the lack of supplies.

Not surprisingly, this situation of lack of supply and a skyrocketing demand for new generation consoles, which has been going on for more than 18 months, lives in the same reality as that of the distribution of other basic materials: global trade has collapsed.

Although Sony Interactive Entertainment estimated an improvement in supply in the second half of 2021, AMD – maker of the PS5 and Xbox Series processors and graphics chips – indicated this October that we will have to wait until the second half of 2022; an opinion shared by Phil Spencer, Xbox Chief Executive Officer.

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The global trade chain is stuck

This October 24 has been published in THE COUNTRY Economy a report delving into how this situation affects worldwide. Companies cannot respond to the demand of their consumers and, as a consequence, prices become more expensive, products are late and customers are not entirely satisfied.

The container price is a common denominator, regardless of the product being shipped from the other side of the world. If before the start of the pandemic – around March 2020 – an average 40-foot container could cost about $ 1,500, now it is shot up to more than 10,000 dollars to change. In the same way, delivery times have been affected. From 25-30% of containers in maritime traffic delivered late, we have gone to a situation of 64-65% of delayed deliveries.

While the main European government agents try to prioritize sanitary materials – which queue other non-essential materials – the order of priority in deliveries does not prevent other materials such as iron, wood, steel, stone or the asphalt has become severely more expensive in recent months.

Sources | CNBC (via VGC) The country


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