San Francisco: Tesla CEO Elon Musk has disclosed he is confident that the ongoing chip shortage will be solved by 2022, despite others having reservations. The pandemic has resulted in an increased demand for many electronics and computers that the supply chain couldn't handle, especially the semiconductor industry, reports Electrek.
This microchip shortage, in turn, affected the automotive industry, which has increasingly become a big consumer of microchips. The auto-tech website previously released a deep-dive report on how the chip shortage is affecting electric vehicle production as several automakers had to halt production until chip supply could catch up. Pat Gelsinger, CEO of Intel recently said that it could take a "couple of years" for the industry to catch up to the surging demand.