Chip shortage could last two years, says tech giant IBM
IMB President Jim Whitehurst said it could be "a few years" before the situation improves
The boss of the US tech giant IBM has said a computer chip shortage could last another two years.
IMB President Jim Whitehurst said it could be "a few years" before the situation improves, reports the BBC.
Many firms have seen production delayed because of a lack of semiconductors, triggered by the pandemic.
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The shortage has been exacerbated by surging demand for TVs, phones and gaming consoles while consumers are stuck at home.
"There's just a big lag between from when a technology is developed and when [a fabrication plant] goes into construction and when chips come out," Whitehurst said.
"So frankly, we are looking at couple of years… before we get enough incremental capacity online to alleviate all aspects of the chip shortage."
IBM licenses its microprocessor technology to the world's biggest chip makers such as Intel, TSMC and Samsung.
