BMW CEO believes chip shortage will remain for another 6-12 months

The chip shortage has been there for quite some time now, from silicon giants like AMD, NVIDIA have already felt it and even auto carmakers like BMW, Tesla, General Motors everyone has experienced it.

As per the latest Reuter’s report, BMW CEO expects supply chains to remain tight even in 2022 as well, Chief Executive Oliver Zipse said on Monday.

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

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

The more use of semiconductor in automotive or electric cars these days have made them more dependent on chip industry, so obviously any chip shortage will hit the entire world including manufacturing in the coming days.

As per expectations and rumours, the ongoing demand vs supply will not resolve until and unless the level of manufacturing goes higher. Idealistically, this might take one or two, even more, years to totally get the balance right between the demand and supply which got affected, thanks to the COVID-19 outbreak worldwide.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More like this

The 10 Most Coveted Brand Collaborations of Our Time

Luxury Meets Hype: The 10 Most Coveted Brand Collaborations...

Ever wondered which brand collaborations make collectors lose their minds? Let's dive into the fascinating world where...
Exclusive: The Top 10 Fastest Bikes in India as of 2024

Exclusive: The Top 10 Fastest Bikes in India as...

Fastest Bikes in India as of 2024: All You Need to Know Do you consider yourself an avid...

New BMW M5 India Launched at ₹1.99 Crore

BMW has taken the wraps off the new M5 in India and this is the most powerful...

The Most Valuable and Strongest Automotive Brands in 2024

The peculiar brands that define the preferred value and reputation trends largely influence consumer choice in the...

2025 BMW 3 Series Facelift Unveiled: Enhanced Styling, Upgraded...

The new hybrid system should make its way into the Lexus LS before the end of the...

LATEST NEWS

Galaxy S25 Series with Corning Gorilla Armor 2: Pre-Order starts at INR 80,999

Samsung is back and bolder than ever with the official launch of its Galaxy S25 series—introducing the latest Galaxy S25 Ultra, Galaxy S25+, and...

Jisoo Embarks on a New Journey: Blackpink Star Signs With Warner Records for Solo Releases

Blackpink’s Jisoo has officially partnered with Warner Records for her solo musical career, marking a significant milestone in her artistic evolution. The label confirmed...

Xavi Simons Completes Permanent Move to RB Leipzig from PSG in €81m Deal with Add-ons and Sell-on Clause

RB Leipzig have officially secured the services of Dutch forward Xavi Simons on a permanent basis, with the 21-year-old signing a contract that runs...

Jordan Henderson Set to Join AS Monaco from Ajax: A New Chapter for the Midfield Maestro

After a tumultuous year, Jordan Henderson's career is set for another shift, having moved from Liverpool to Al-Ettifaq and then to Ajax. The 34-year-old...

Featured