Elon Musk: Tesla CEO Reveals Secret to Ending Chip Crisis

the strong man of Tesla, Elon musk, recently stated that the current semiconductor shortage affecting the automotive, mobile and other related industries will end next year. To this end, Musk claims to have an important contribution to make to the world.

Commenting on the negative impact of the current shortage of chips, components and other semiconductors, Musk said that early next year the solution will be in sight. According to the US philanthropist and executive, it is urgent to strengthen production.

It is urgent to create more factories to produce the necessary volumes of chips

Elon musk tesla

In statements to Reuters agencyMusk assured that thanks to the planned factories, as well as those already built, the crisis will ease significantly in 2022.

The executive assured that “there are many factories for the production of chips to be built. I think this will be enough to significantly alleviate the crisis in 2022,” Musk said.

The current semiconductor shortage crisis affects not only the automotive market, but also the mobile device market and the entire technology sector. In other words, all industries whose products lack processors, chips and semiconductors of the most varied types.

Increase production to avoid semiconductor shortages

Musk’s speech was made during a conference in Italy where Ferrari and Stellantis boss John Elkann would also be present. As such, the auto industry is the area addressed, as well as its problems.

Furthermore, both the CEO of Tesla and the CEO of Ferrari would agree on the crucial role of nuclear power for the future of the industry. Both executives would, in effect, argue that nuclear power would be crucial to meeting the world’s growing energy needs.

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In fact, Musk was surprised by the distrust and withdrawal of some countries from this energy source. Finally, the CEO of Tesla said that eventually the production would be enough to handle the required volume.

However, it will also be necessary to increase energy production to power all the new factories that will be built.

The solution to the shortage of components is already underway

Elon musk tesla

In short, the CEO of Tesla believes in the recovery of the automotive sector after the stagnation forced by the shortage of components that has been felt. Musk notes that over the next year the balance will begin to balance with stronger results in 2023.

Meanwhile, several new factories will be completed, while construction will also begin on several others. It is, finally, a positive forecast for what has been one of the greatest global crises of our time.

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