Tesla's Musk says new chip plants should make shortage short term
TURIN, Sept 24 (Reuters) - Tesla Inc (TSLA.O) CEO Elon Musk said on Friday that thanks to new semiconductor plants that are planned or under construction, the global chip shortage that has pummelled the car industry this year should be short term in nature.
"There's a lot of chip fabrication plants that are being built," Musk said during a joint session with John Elkann, the scion of Italy's Agnelli family at Italian Tech Week. "I think we will have good capacity for providing chips by next year."
Reporting by Giulio Piovaccari, Writing By Nick Carey
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.