The global shortage of semiconductor chips will last throughout this year and into 2023, the chief executive at premium German carmaker Mercedes-Benz said on Wednesday. “The semiconductor situation is very present and will be a challenge for the industry throughout this year and into next year,” CEO Ola Kaellenius said at the Reuters Automotive Europe conference in Munich. He said that despite market volatility, the carmaker still has a strong order backlog. “We have not seen any signs yet that demand is going south,” Kaellenius said. “We don’t stop at battery cell factories… we have to go through the whole value chain here because there so much is in motion,” Kaellenius said.

Source: Nigerian Tribune June 29, 2022 16:53 UTC