New semiconductor plants will end global auto chip shortage next year -Tesla’s Musk

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Chairman of Stellantis and Ferrari John Elkann speaks via video conference with Tesla's founder Elon Musk during the "Italian Tech Week" event in Turin, Italy September 24, 2021. REUTERS/Massimo PincaTURIN, Sept 24 (Reuters) - Tesla Inc (TSLA.O) CEO Elon Musk said on Friday that thanks to new semiconductor plants that are planned or under construction, the global chip shortage that has pummelled the car industry this year should be short term in nature.Asked how long he thought the global chip shortage would affect vehicle production, Musk said: "short term I think"."There's a lot of chip fabrication plants that are being built," Musk said during a joint session with Stellantis (STLA.MI) and Ferrari (RACE.MI) Chairman John Elkann, at Italian Tech Week."I think we will have good capacity for providing chips by next year," he added.The two automotive industry leaders agreed on potential support coming from nuclear power to cover for increasing global energy needs."I am surprised
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