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

Elon Musk Expects Chip Shortage to Be Short-Lived as Production Capacity Expands
Tesla Inc CEO Elon Musk participates in a press conference at the Kennedy Space Center in Cape Canaveral, Fla., on May 27, 2020. Saul Martinez/Getty Images
Tom Ozimek
Updated:

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.”

Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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