BMW CEO Expects Tighter Chip Supply In One Year

BMW expects supply chains to remain tight well into 2022, Chief Executive Oliver Zipse said, squashing hopes that a painful shortage of crucial semiconductors will end soon.

Photo Insert: Oliver Zispe, CEO of BMW at the Frankfurt International Motor Show

"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, Christian Amann and Christoph Steitz reported for Reuters.

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

Practically all major carmakers have been hampered by suppliers who have been hobbled by long delays in the production of chips.

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