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Chip Shortage may last upto 2023 – BMW CEO

BERLIN, April 11 (Reuters) – A shortage of semiconductors is likely to remain a problem for the auto industry into 2023, German carmaker BMW’s (BMWG.DE)Chief Executive Oliver Zipse said in an interview with newspaper Neue Zuercher Zeitung (NZZ) published on Monday. “We are still in the height of the chip shortage,” Zipse was quoted as saying. “I expect us to start …

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EU proposes Chips Act to overcome the Semiconductor Shortage – chalks €43 billion to Strengthen Europe’s Technological Leadership

What is the European Chips Act? Semiconductor chips are the essential building blocks of digital and digitised products. From smartphones and cars, through critical applications and infrastructures for healthcare, energy, communications and industrial automation, chips are central to the modern digital economy. The COVID-19 pandemic has exposed a weakness in the ecosystem within both Europe and other regions in the …

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