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Global chip shortage could remain until 2022, warns Bosch CEO

Shaun ยท May 20, 2021 10:24 AM

Global chip shortage could remain until 2022, warns Bosch CEO 01

In an interview with a German newspaper, Frankfurter Allgemeine Zeitung, Bosch CEO Volkmar Denner said that the supply shortage of semiconductors could extend until 2022.

Global chip shortage could remain until 2022, warns Bosch CEO 02

"There are difficult months ahead of us, and the situation could remain tense until 2022," said Denner as reported by Automotive News Europe. The report highlights that this marks another sector heavyweight to warn of a prolonged shortage of chips.

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Global chip shortage could remain until 2022, warns Bosch CEO 01

On the Automotive News Europe list of the top 100 global suppliers, Bosch ranked no.1 with worldwide parts sales to automakers amounting to $46.56 billion in 2019.

Global chip shortage could remain until 2022, warns Bosch CEO 02

The ongoing chip shortage affects almost every carmaker globally, including Malaysia’s own Proton and Perodua. The shortage causes a cascading effect in which car manufacturers are forced to scale down production and ultimately delaying deliveries to consumers.

Also read:

After MCO, chip supply shortage is slowing car production in Malaysia

Sales of Perodua Myvi hit by chip shortage, adjustment in production plan required

Think the Perodua Myvi is a simple car? Here's how much it relies on microchips

Shaun

Senior Writer

The quest for automotive knowledge began as soon as the earliest memories. Various sources information, even questionable ones, have been explored including video games, television, magazines, or even internet forums. Still stuck in that rabbit hole.

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