Anyone who's picked up a PS5 or Xbox Series X|S can tell you how hard its been to find a new-gen console. Thanks to an ongoing semiconductor shortage, consoles and PC gaming have felt th strained during the COVID-19 pandemic, when home entertainment demand surged.
Sadly, this could go on for quite some time. While shortages were previously expected until Christmas, Japanese tech manufacturer Toshiba now believes that could extend into 2023.
PS5 And Xbox Series Console Shortage May Last Until 2023
As reported by Bloomberg, Toshiba's planning a ¥60 billion ($545 million) investmeent into producing semiconductors over the next three years, potentially building a new factory to hit demand. Takeshi Kamebuchi, Toshiba's director in charge of semiconductors, also stated:
The supply of chips will remain very tight until at least September next year. In some cases, we may find some customers not being fully served until 2023.
It's a difficult situation across the board, as multiple tech industries beyond gaming have been affected by this semiconductor shortage. Hopefully, we'll see this situation stabilise soon, and we'll keep you informed as we learn more.,