The revival in the economy after the coronavirus restrictions and the increase in electric vehicle sales have also led to an increase in the demand for auto parts.
Increasing demand has negatively affected the supply of the chip, the semiconductor material used in electronic devices. The lack of adequate chip production has affected many technological sectors, including the automobile industry, computing and smartphones. Many auto companies, including Tesla, had to pause production due to the chip crisis.
But this may not last long, at least for electric cars:
The CEO of the company, Elon Musk, gave the good news that there are many chip production facilities being built to the audience consisting of investors and technology entrepreneurs at the Italian Technology Week, which he attended on Friday. “I hope that chip production will reach a good capacity by next year. This is just a short-term crisis. ” he explained.
Tesla, the giant electric vehicle manufacturing company, increased its automobile sales at a record level in the middle of this year and made a net profit of $ 1 billion for the first time. The chip crisis in the industry also affected Tesla, and it was announced that production was stopped in its factory in China. In order to meet the needs of high demand, the company developed a different design than before, updated the software and solved the chip shortage.
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