TSMC expects chip shortages to end no sooner than 2022

The mobile, computer and automotive industries are facing severe shortages of semiconductor components caused by the coronavirus pandemic. Despite the efforts of chipmakers, many auto companies were forced to reduce volumes and some had to stop assembly lines altogether.
According to the head of TSMC, the industry will be in dire need of chips for at least another couple of years.

"According to our forecasts, demand for semiconductor products will remain very high. For our part, we have started building new production lines, trained technicians, purchased the necessary equipment and expect to meet the demand for chips by about 2023," Xi Xi Wei told Bloomberg.
TSMC invested about $30 billion this year alone in modernization and expansion of production, and the company plans to increase investments to $100 billion in the coming years.