BMW CEO Zipse says chip shortage will last till 2022

MUNICH, Germany: A top BMW officials has said that the auto manufacturing supply chain will remain tight until 2022.

BMW CEO Oliver Zipse comments came on September 6, dashing expectations of the crippling semiconductor shortage ending soon.

"I expect that the general tightness of the supply chains will continue in the next 6 to 12 months," Zipse noted, during the IAA Munich auto show.

Zipse spoke of not seeing any long-standing problems, while noting that chip manufacturers always perceived the automotive sector as a lucrative client.