Electronics

On September 25th, Tesla CEO Musk said that the current chip shortage crisis will end next year, thinking that this is only a "short-term" problem, not a long-term problem.

In an online live event on Friday, Musk said, "I think that by next year (2022), chip production will be abundant, because many chip factories are now being built."

Musk did not specify which chip factory he was referring to. Earlier, Intel and TSMC have announced plans to build new factories in the United States, but these factories are expected to take several years to start production. TSMC CEO Wei Zhejia declared: "In 2023, I hope we can provide more capacity to support our customers. At that time, we will begin to see the tension in the supply chain ease."

Many industry and market analysts believe that due to the tight chip supply chain and strong demand, chip shortages may continue for several years, such as 2023. This is later than Musk's 2022 point.

Affected by the epidemic before, Malaysian car and chip factories were completely shut down, which seriously affected the supply of chips. It is estimated that the current chip orders will take 21 weeks to complete. According to the latest data from market analysis agency Susquehanna Financial Group, the global chip delivery wait time in August was extended by another 6 days compared with the previous month, reaching an unprecedented 21 weeks. This is also the longest waiting time since the company started tracking the data in 2017. Susquehanna analyst Chris Rolland said that although the delivery time of analog chips and Broadcom chips has further deteriorated, the delivery of power management chips and optoelectronic components has shown signs of improvement in the near future.

Due to the shortage of chips, from automobiles to game products, the impact of global chip shortages continues to spread, and many industries are affected, especially the automotive industry has suffered serious production cuts, including Musk's Tesla.

In Tesla's first quarter earnings conference call, Musk said that Tesla has some supply chain problems and mentioned the shortage of chips. He said: "In the first quarter, we encountered the toughest supply chain challenges Tesla has experienced. I think these challenges will continue into the second and third quarters. Of course, the shortage of chips is a big problem that everyone knows. "In July of this year, Musk expressed concern that the Cybertruck model, which should have started production later this year, might be affected by the "core shortage". And the production of Tesla's Powerwall product (a backup battery for household use) is also lagging behind.

This week, consulting firm Alixpartners released its latest forecast that the loss caused by the disruption of the automotive supply chain continues to grow, increasing by more than 90%. It is estimated that the global automakers' car production will be reduced by 7.7 million vehicles this year, and the total revenue loss will reach 210 billion U.S. dollars, which is almost twice the forecast earlier this year.