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Elon Musk Expects Chip Shortage to Be Short-Lived as Production Capacity Expands

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24.09.2021

Tesla chief executive Elon Musk said Friday that he sees an end to the semiconductor supply shortage in relatively short order thanks to new chip plants being planned and already under construction.

“There’s a lot of chip fabrication plants that are being built,” Musk said via video uplink at an Italian Tech Week event. “I think we will have good capacity for providing chips by next year.”

Musk’s remarks follow comments made earlier in the week by General Motors President Mark Reuss, who said he expects the global supply of chips to stabilize but at lower levels than automakers need to rebuild their inventories.

“We’re going to see a stabilization to some extent before we see getting the volume that we really need,” Reuss said at a conference hosted by the Detroit Regional Chamber in Michigan on Sept. 21, where he discussed GM’s plans for battery-powered car and truck........

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