Intel CEO Pat Gelsinger said the extended timeline for the chip crunch is now caused by lack of manufacturing equipment.
The chip shortage is lowering global car production by about seven million cars per year.
The chip shortage is hitting car production and delays in the delivery of dishwashers, refrigerators and game consoles.
Written by Brian Wang, Nextbigfuture.com
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
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