From PC Mag: Intel's chip shortage for PCs will last longer than anticipated. The company now expects the supply issues to persist through the fourth quarter and possibly into 2020.
Intel has been trying to resolve the chip shortage, which began last year, by investing in more manufacturing capacity. The result has boosted production of its 14-nanometer and 10nm chips, "but that growth hasn't been sufficient," Intel CEO Bob Swan said in an earnings call on Thursday.
"We're letting our customers down and they are expecting more from us," he added.
Swan made the comment as Intel reported sales from the company's PC-centric chip business were down 5 percent year-over-year in the third quarter. Intel is attributing the company's chip shortage to stronger than expected PC demand. Currently, many businesses are migrating to Windows 10 systems when the older Windows 7 OS is slated to lose official support in January 2020.
According to Intel, the shortage has been confined to lower-end PC processors. "We are working hard to regain supply demand balance, but we expect to continue to be challenged in the fourth quarter," Swan said.
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