Chip shortages might last into 2023 - Micron CEO

Wednesday, 20. October 2021 12:23

Micron Technology Inc. President and CEO Sanjay Mehrotra estimated on Wednesday that the semiconductor industry may still suffer due to some shortages up until 2023.

However, the supply chain situation is "improving... and will continue to improve," he told The Wall Street Journal in an interview.

Announcing the next steps his company will make, Mehrotra revealed a $150 billion investment over the next 10 years that will focus, among several other objectives, on expanding its production capabilities at its present factories and the construction of new plants.

Related Links: Micron Technology Inc.
Author:
Baha Breaking the News (BBN) / MS