that closed production facilities where chips are made; and a drought in Taiwan, where a majority of chips are made, is also a threat to production since a large volume of water is needed to make them.
Automakers reduced and canceled orders when the pandemic started, only to find scarce supply available when they needed them for production.
Huawei, one of the world’s largest cellphone makers, uses chips in a range of products, and accumulated supply in anticipation of U.S.
“I think we have a couple of years until we catch up to this surging demand across every aspect of the business,” Gelsinger told CBS News.
production of semiconductors as part of a $2.3 billion infrastructure plan, the Wall Street Journal reported.