Elon Musk, CEO of Tesla, has recently stated that the global shortage of chips that has affected the automobile industry should end by next year, thanks to the construction of new semiconductor plants.
For those unaware, there is an ongoing crisis regarding semiconductors shortages that have affected various industries across the globe. One of the worst affected was car production, which had even halted entirely for certain brands due to supply constraints. Now, Musk stated that “There’s a lot of chip fabrication plants that are being built. I think we will have a good capacity for providing chips by next year.” during a joint session with Stellantis and Ferrari Chairman John Elkann at the Italian Tech Week.
The two of them also agreed on potential support coming from nuclear power to cover the increasing global energy needs. Elon Musk further added that “I am surprised by a recent move away of some countries from nuclear energy, which is safe.” Since the onset of the chip shortage, various major chipmakers began expanding their production capacity to ensure a steady supply of semiconductors. So, we can expect supply to eventually catch up with the explosive demand.
(Except for the headline, this story has not been edited by The Technology Express staff and is published from a syndicated feed)
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