Intel CEO on chip shortage: 'We have a rough road in front of us'

Companies big and small that rely on semiconductors as the lifeblood of their business may not want to hear Intel CEO Pat Gelsinger's guidance for when the chip crisis will end.

But, it's one of the most honest assessments yet of the current mess that is slowing production of everything from Whoop fitness straps to pickup trucks from General Motors and Ford to electric autos out of Tesla $Advanced Micro Devices(AMD.US)$ $NVIDIA(NVDA.US)$ $KLA Corp(KLAC.US)$

Let’s be very clear. This is a self initiated shortage. It is a shortage to hedge Intel from over buying and being left ‘holding the bag’. It’s essentially a standoff between semiconductor processing companies that is literally rippling through multiple markets. Call it out for what it is.