New Intel Chief Executive Pat Gelsinger said that supply constraints, and the “immense” investment needed to meet demand, mean that the chip shortages affecting the automobile industry and other sectors are likely to last two more years.
It “will take a while until people can put more capacity in the ground,” he explained, as Intel announced first-quarter results that beat sales and earnings expectations, but warned its profit margin.
This crisis also affects the general computer market in Pakistan as the shortage of computer components has directly led to PCs and laptops having alarming prices. In a recent survey, the price of a laptop that was 2-3 years old faced an increased rate by 40-50 percentage.
In a nutshell, if a consumer is purchasing a refurbished computer from any local computer store that was initially PKR 60,000 a few years ago will now have a price tag of about PKR 110,000.