Tesla (
TSLA) - Get Report reportedly is on a global hunt to secure its own stash of semiconductor chips amid the ongoing shortage that has hammered the electric vehicle company and the rest of the auto industry.
The Financial Times reported that Tesla was looking into various options to secure much-needed chips that are critical to making its cars run, including paying in advance for supplies and even potentially buying its own plant.
Tesla is trying to secure chips with companies in Taiwan and South Korea, which make the newer generation models of chips that it needs, as well as with companies in the U.S., according to the Financial Times, which cited industry sources.
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IBM (
IBM) - Get Report said this past week that it has developed a microchip with 2-nanometer transistors, a move that could lead to better-performing phones and computers. The smaller transistors enable faster calculations using less power, the company said in a statement.
“When we experience that the phone gets better, the cars get better, the computers get better, it is because behind the scenes, the transistor got better and we have more transistors available in our chips,” Gil added.