PS5 and Xbox chip shortages for both consoles will most likely continue until 2022, AMD executive Lisa Su said (thanks, Video Games Chronicle).
Su mentioned this during the California’s Code Conference, stating that supplies could be "likely tight" until the first half of 2022. In other words, don't expect finding a next-gen console to get any easier anytime soon.
"“It might take, you know, 18 to 24 months to put on a new plant, and in some cases even longer than that,” Su said. “These investments were started perhaps a year ago.”
PS5 and Xbox Series X/S Chip Shortages 'To Ease' In Second Half of 2022, Says AMD Boss
But the console shortage may not be solved anytime sooner. Japanese tech company Toshiba said they also believe that the chip shortage will continue, and perhaps even longer than AMD suggested.
Takeshi Kamebuchi, Toshiba's director in charge of semiconductors said:
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.