9/24, 12:33 PM (Source: TeleTrader)
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Musk: Chip shortage to be short-term

Tesla founder and CEO Elon Musk said on Friday that he expects the current global semiconductor shortage to be short-term.

Musk added that more chip plants are being built so there should be additional production capacity available from 2022.

Earlier, Daimler CEO Ola Kaellenius said the chip shortage is likely to last two more years, while BMW's Oliver Zipse noted tight semiconductor supply for another year.

Breaking the News / NP