Elon Musk Says Chip Shortage Only 'short Term'
Umer Jamshaid Published September 24, 2021 | 06:10 PM
Turin, Italy, Sept 24 (UrduPoint / Pakistan Point News - 24th Sep, 2021 ) :Tesla boss Elon Musk on Friday said that a global semiconductor shortage hitting car firms especially hard would be overcome soon.
The chip drought is "short term, I think," the billionaire said in an appearance by video at Italian Tech Week in Turin.
"There are a lot of chip fabrication plants that are being built," Musk told the audience of startups, investment funds and tech entrepreneurs.
"I think we will have good capacity for providing chips by next year. I certainly hope so, but it appears that way.
" A boom in electric vehicle sales and renewed activity following the lifting of coronavirus restrictions in many advanced economies has boosted demand for car parts.
But the auto industry is butting up against other sectors that require large amounts of semiconductors as inputs, including computing, smartphones and smart devices.
Tesla has so far overcome the chip shortage by switching to different designs and rewriting the relevant software.
In the second quarter, the carmaker delivered a record number of vehicles and topped $1 billion of net profit for the first time.
Related Topics
Recent Stories
Tennis: ATP Barcelona Open results - 1st update
Swiatek's perfect 10 in Stuttgart as Vondrousova stuns Sabalenka
Arandu's roads closed due to flooding
Oil tanker catches fire in Islamabad’s Blue Area
Pakistan committed to ensure safety of foreign nationals: FO
Tennis: WTA Stuttgart results - 1st update
Four passengers injured as train hit an empty vehicle
Over- speeding bus crushed to death two bike riders
Turkey's Freedom Flotilla ready to set sail for Gaza
French teen dies from heart failure after knife attack near school
Iranians appear unfazed by Isfahan blasts
UAF celebrates Int'l Chinese Language Day
More Stories From Miscellaneous
-
Transforming education sector: from job hunters to job creators
16 hours ago -
Amjad Bobby remembered on 19th death anniversary for timeless contributions to music
5 days ago -
Legendary actor Nadeem’s 26 films released on Eid-ul-Fitr days in 50 years
5 days ago -
Besant Hall Cultural Centre to celebrate evening with Sanam Marvi on 26 April
5 days ago -
Radio Bahawalpur presents program “Eidi Shidi”
8 days ago -
Radio Bahawalpur to broadcast Eid programs
11 days ago
-
DC, DPO Haripur inspect bus terminals to review fares compliance
12 days ago -
Second phase of refugees’ repatriation to start after Eidul Fitr vacations
13 days ago -
Reaping bounties as Ramazan culminates
13 days ago -
Digital transformation – a boon or bane
13 days ago -
Plants’ business: Another casualty of climate change
15 days ago -
Eid shoppers prioritize children’s joy over personal comforts
15 days ago