During the opening marks of Intel's fourth quarter earnings call, CEO Bob Swan shed some light about the continuing shortage of Intel CPUs. These issues have been going on for almost two years now but Swan says they will become a thing of the past in 2020. The chip giant will add 25 percent wafer capacity this year and promises to increase PC unit volume by a high single digit number:
We have significant opportunities but realizing them requires improved execution, starting with delivering more supply for our customers. In response to continued strong demand, we invested record levels of CapEx in 2018 and 2019. That added capacity allowed us to increase our second half 2019 PC CPU supply by double digits relative to the first half. However, demand has continued to outpace PC supply and supply remains tight in our PC business. We are continuing to add capacity so are not constraining our customers' growth. Across our 14 and 10 nanometer nodes, we are adding 25% wafer capacity this year to deliver a high single digit increase in PC unit volume. This will enable us to meet market demand, deliver our 2020 financial plan and increase inventory to more normalized levels. Our near term challenge is working with our customers to support their desired product mix.