BMW CEO expects chip supply to remain tight for another 6-12 months

This post was originally published on this site

https://i-invdn-com.investing.com/trkd-images/LYNXMPEH850BG_L.jpg

“I expect that the general tightness of the supply chains will continue in the next 6 to 12 months,” he said at the IAA (NYSE:IAA) Munich car show.

Zipse, who like other car executives is battling lower production due to a lack of semiconductors, said he saw no issues in the long-term, adding that the automotive industry was an attractive client for chipmakers.