Tesla boss Elon Musk on Friday said that a global semiconductor shortage hitting car firms especially hard would be overcome soon. The chip drought is “short term, I think,” the billionaire said in an appearance by video at Italian Tech Week in Turin. “There are a lot of chip fabrication plants that are being built,” Musk told the audience of startups, investment funds and tech entrepreneurs. “I think we will have good capacity for providing chips by next year. I certainly hope so, but it appears that way.” A boom in electric vehicle sales and renewed activity following the lifting of coronavirus restrictions in many advanced economies has boosted demand for car parts.
Veranese Promoted to CEO of AMI
With the continued growth and evolution of Advanced Manufacturing International, Inc. (AMI), the