Chip Shortage Keeps CIOs and Other Tech Leaders Scrambling

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Chip Shortage Keeps CIOs and Other Tech Leaders Scrambling
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Companies inside and outside tech are feeling the pinch of a global semiconductor shortage, which is delaying orders and raising prices on laptops, printers, smartphones, videoconferencing equipment and other work gear

, say they are adding new production plants to meet surging demand, though some of that capacity won’t be available for about two more years. Last month, Pat Gelsinger, Intel’s chief executive, said he sees the semiconductor shortage possibly stretching into 2023.a Santa Cruz, Calif.

With the purchase of OptoGration, which is expected to close in the third quarter, Luminar will secure a supply of roughly one million chips a year, the company said. “We design these systems from the chips up,” but because the company’s highly-customized chips will be made in-house, Luminar is insulated from the global shortage, Mr. Eichenholz said.

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