Micron CEO says chip shortage improving, but could last into 2023

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Micron CEO says chip shortage improving, but could last into 2023
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The semiconductor shortage that has impacted many industries could continue into next year, Sanjay Mehrotra says

"We've got to get this thing passed through Congress, come to some agreement, pass it, get it on the president's desk sign and then get at the business of not just catching up with the competition around the world, but passing them up and taking a leadership position," Holcomb said.

The coronavirus pandemic put added pressure on the semiconductor industry as more people worked remotely from home. "All of that has driven demand from data center to the PCs to smartphone intelligent devices at the edge," Mehrotra said. "All of these have driven the demand of Micron has been investing for considerable period of time in leading with advanced technologies and bringing them into high-volume productions".

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