Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

My Favorite China's Brands
dpa

HOME > dpa

Bosch expects chip shortage to drag on into 2022

December 28, 2021


Abstract : Stefan Hartung, the incoming chief executive of German technology company Bosch, says the industry's shortage in semiconductor chips is not going away any time soon. "Let's be clear, the chip crisis is not over," Hartung told the magazine Focus.

Stefan Hartung, the incoming chief executive of German technology company Bosch, says the industry's shortage in semiconductor chips is not going away any time soon. "Let's be clear, the chip crisis is not over," Hartung told the magazine Focus.

"All of us in German industry are massively relying on the supply bottlenecks being solved. Every missing chip can mean that a steering system - and therefore an entire car - cannot be built. This is going to take up a lot of energy for the whole of 2022," he said.

Hartung is set to take over from Volkmar Denner at the turn of the year at Bosch, the world's largest automotive supplier.

The chip crisis could also prevent Germany's new centre-left coalition government from achieving some of its goals, for example getting around 15 million fully electric cars on the streets by 2030. This will not be possible "if the global problems in supply chains are not resolved soon. And that doesn't just apply to the auto industry," said Hartung.

He was generally sceptical about the e-car target. "After all, this requires not only the raw materials, the batteries and the demand, which in turn depends heavily on the charging infrastructure," he said, adding that social change and technological transformation were also necessary.

The electricity that these vehicles use should also be green, he noted.

Notice: No person, organization and/or company shall disseminate or broadcast the above article on Xinhua Silk Road website without prior permission by Xinhua Silk Road.

Scan the QR code and push it to your mobile phone

Keyword: chip shortage

Reading:

Interview: Minister prioritizes stable growth for industrial development

Coal-to-liquid plant in China's Ningxia reaches full capacity

Yearender-World Insights: China key as global economic recovery struggles

China strives to keep employment stable

Growing foreign trade shows China's economic resilience

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial