According to CEO of AMD, Lisa Su, the global chip shortage may last till late 2022

The global chip shortage situation will not get any better until the second half of 2022, according to AMD CEO Lisa Su. Manufacturers have been having trouble obtaining chips for their devices, which has made it more difficult to buy consoles, graphics cards, and electric cars in recent months.

AMD CEO predicts that the global chip shortage will last till late 2022

Lisa Su’s comments are particularly interesting as she is one of the most senior people to talk about the global chip shortage.

So, when she mentioned it at the recent Code Conference in California and how the first half of 2022 will be “likely tight,” our expectations were dashed that the chip shortage would soon end and that we’d be able to easily purchase a PS5 or a new AMD GPU.

The global chip shortage might not end soon

Chip manufacturers are seeking to expand their manufacturing operations, comments Ms. Su and she mentions: “It might take, you know, 18 to 24 months to put on a new plant, and in some cases even longer than that.”

The COVID-19 pandemic not only reduced chip manufacturing capacity by either shutting foundries during lockdowns or restricting personnel levels due to sickness, but it also sparked a massive rise in consumer demand as consumers sought to purchase new equipment for themselves and their families as they discovered themselves working and studying from home

The high demand, in tandem with new console launches from Sony and Microsoft, as well as a surge in cryptocurrency mining that demands GPUs, has resulted in a global chip shortage.