The manufacturer of PlayStation games has announced that it will reduce production of the PlayStation 5 game console due to the lack of global chips and shipping problems plaguing the technology industry, and the Tokyo-based company was planning to manufacture more than 16 million consoles during the first year, but reduced the number To 15 million, that means consumers may have trouble getting a PS5 this holiday season.
According to the British newspaper, “Daily Mail”, the global shortage of shipping began when chip manufacturing plants around the world were forced to close due to the Corona virus pandemic, which led to months of no production.
The crisis was compounded by the high demand for electronics, as most people were subject to requests to stay at home.
Chip supplies were expected to rebound by the end of this year, but the shortages are now set to continue into next year and may continue into 2023.
“We believe we still have a tough road ahead, and the chip shortage is at its worst right now,” Intel CEO Pat Gelsinger said at the All Markets Summit.
It will gradually improve as the year 22-20 goes on, but we expect the shortage to continue until 2023. Capacity building takes that long.”
This leaves major smartphone companies, automakers, and even video game makers without the technologies to produce products.
When the PS5 was released in November 2020, it quickly became the company’s fastest-selling console, with 10 million sold in July 2021.
However, as the chip shortage became more apparent, those numbers started to slow and PS5 sales fell behind the PlayStation 4.
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