Bosch China Warns Auto Chip Shortage May Extend Through 2022
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The supply crunch of semiconductors for carmakers will likely continue through 2022, though the shortage may become less severe than what was seen in the past summer, according to a senior executive of Bosch China Investment.
Chip producers were only able to meet about 20% of clients’ orders in July and despite some improvements in the situation in August, more than half of the demand still couldn’t be satisfied, Jiang Jian, a vice president of Bosch China, said on the sidelines of the China Auto Supply Chain Conference.