Tesla CEO Elon Musk said Friday at a technology event in Turin, Italy, that thanks to the new semiconductor plants being built, the shortage of chips could stop hurting the automotive industry. in the short term.

“A lot of semiconductor manufacturing plants are being built. I think we will have good capacity next year,” Elon Musk said in a joint session with Stellantis and Ferrari president John Elkann at the Italian Tech Week at the Italian Tech Week.

Tesla is one of the automakers best handling the semiconductor crisis. In July this year, Elon Musk revealed that they were able to reduce the impact of the chip shortage by rewriting their vehicle software and using components from alternative vendors.

“We were able to use alternative chips and then write the firmware in a matter of weeks. It’s not just about changing a chip. You also have to rewrite the software. So it was an incredibly intense effort, “said Tesla’s chief executive at the second-quarter financial results presentation.

Credit: Italian Tech Week

Tesla and its smart strategy to tackle the chip shortage

These moves, proof of the company’s versatility, allowed Tesla to maintain high levels of production. On the other side, and affected by the shortage of chips, industry giants such as Daimler, BMW and GM, were forced to shut down some of its assembly lines, which impacted on thousands of less manufactured units.

But, apparently, Tesla could benefit from the maneuvering of one of its largest suppliers. As collected Teslarati, Samsung Electronics will set up its new chip production plant in Taylor, Texas. Samsung’s new plant will be located just 40 minutes from the Gigafactory where the Tesla would be produced Cybertruck.

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Additionally, Elon Musk’s remarks this Friday come shortly after plans by the largest semiconductor maker were unveiled to appease a chip shortage. TSMC says it is working with “all stakeholders” to provide stability in its supply chain.

In addition, he is confident that their expansion plans, which include a semiconductor plant in Arizona, will help them cope with the chip shortage. However, the Taiwanese giant, which supplies car components, consumer electronics and more, has not provided specific dates.