Mercedes boss warns chip shortage won't just go away next year
[MUNICH] Daimler AG's chief executive officer cautioned that the global semiconductor shortage may not entirely go away next year and could take until 2023 to be resolved.
Ola Kallenius, CEO of the Mercedes-Benz maker, delivered the assessment during a briefing with reporters ahead of this week's auto show in Munich. Daimler recently cut its annual sales forecast for its car division, projecting deliveries will be roughly in line with 2020, rather than up significantly.
Mercedes has been hit this quarter by factory shutdowns in Malaysia, which in recent years emerged as a major center for chip testing and packaging. Infineon Technologies AG, NXP Semiconductors NV and STMicroelectronics NV are among the key suppliers operating plants in the country.
There is hope that the situation starts to ease in the fourth quarter, Mr Kallenius said, though he anticipates fallout from a "structural" demand issue also will influence industries in 2022.
A Japanese chipmaker that supplies to Toyota Motor similarly predicted last month that the supply crunch could last through all of next year.
BLOOMBERG
GET BT IN YOUR INBOX DAILY
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
China’s top airlines improve balance sheet in Q1; outlook positive for May Day
Ford’s BlueCruise probed by regulators after fatal crashes
China’s BYD shows effects of price war with weaker first-quarter earnings
Maersk unit worth more than US$1 billion set to trade in spinoff
China State Shipbuilding to build 18 LNG ships for QatarEnergy
Tesla clears key regulatory hurdles for self-driving in China during Musk’s visit