Xbox, PlayStation, and Nintendo supplies may be affected for two years due to a shortage of chips.
Pat Gelsinger, the CEO of Intel, believes that the current shortage of semiconductor - which is used to make the chips - will drag on into 2024.
Video games consoles use these chips for graphics cards, so the shortage will have an impact on new models like the PlayStation 5 and the Xbox Series X.
Gelsinger said in an interview with CNBC: "[W]e believe the overall semiconductor shortage will now drift into 2024."
In the past he predicted that the shortage would last until at least 2023, so it appears it may go on longer than expected.
There is some hope for video games enthusiasts though as PS5 consoles are being restocked at popular retailers like Argos and Currys - and there are shorter waiting times compared to last year.
What caused the shortage?
The shortage started during early Covid-19 lockdowns, when chip production ceased despite demand skyrocketing - as people where locked in their homes and playing more video games.
There is currently still a shortage because important manufacturing tools aren’t as readily available as anticipated. This makes it hard for production to keep up with demand.
Andy Robertson, editor of askaboutgames said last year that “the message from manufacturers is that they are doing everything they can, but it’s a big ship to turn around.”
It seems that this is still the case but with restrictions easing globally production should begin to pick up, slowly pushing back against shortages.
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