Within the last year, the chip shortage has caused strains across numerous industries including gaming. If you are hoping to easily secure a PS5, Xbox Series X/S, or RTX 30 graphics cards, it likely won’t happen until 2023.
During Intel’s Q2 Earnings call, CEO Pat Gelsinger expects the chip shortage to continue well into 2022, with supply issues stretching into 2023. “While I expect the shortages to bottom out in the second half, it will take another one to two years before the industry is able to completely catch up with the demand,” Gelsinger said during the call.
This is not the first time we hear that the chip shortage will stick around longer than we hoped and will worsen before they get better. In May, Nvidia CEO Jensen Huang said he anticipates supply shortages for the RTX 30 series to last until “the second half of this year.” In that same month, Sony CFO Hiroki Tokoi said during an earnings call that the company is expecting
PS5s to remain in limited supply into 2022.
Due to the global semiconductor shortage, demand for gaming’s high-ticket items has been notoriously difficult to acquire. Many of these items are being sold primarily online, mostly with unexpected restocks. While some retailers have sold select items in stores, supply remains extremely limited and cannot keep up with the overwhelming demand.
To help ease the shortages, in February the Biden administration signed an executive order pledging to review the supply chain issues that have caused these consoles and graphics cards to remain scarce. Beyond the chip shortages, scalpers have also posed an additional problem, with many flagship GPUs and next-gen consoles surging hundreds of dollars above their suggested retail price.
Taylor is the Associate Tech Editor at IGN. You can follow her on Twitter @TayNixster.