Musk confident chip shortage will be solved by next year: Report

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.