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Bosch expects the chip shortage to continue through 2022

Stefan Hartung, the future chief executive of German technology company Bosch, says the chip industry shortage will not go away any time soon.

“Let’s be clear, the chip crisis is not over,” Hartung was quoted as saying by Focus magazine.

“All of us in German industry are relying heavily on resolving supply barriers. Any missing chip could mean that a steering system – and therefore an entire machine – could not be built. “This will take a lot of energy for the whole of 2022,” he said.

The chip crisis could also prevent Germany’s new center-left coalition government from achieving some of its goals, such as putting about 15 million fully electric cars on the road by 2030.

This will not be possible “if global supply chain problems are not resolved soon. “And this does not only apply to the automotive industry,” said Hartung. 

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