One-time chip supply shocks over, but structural deficit remains, Bosch CEO says


FILE PHOTO: Bosch logo is seen on a bike during Munich Auto Show, IAA Mobility 2021 in Munich, Germany, September 8, 2021. REUTERS/Wolfgang Rattay

LUDWIGSBURG (Reuters) - CEO of German technology group Robert Bosch GmbH said on Wednesday that although the one-time supply shocks to the semiconductor market had passed, capacity was still lacking to meet global demand.

"There were one-time problems which are now dealt with," Volkmar Denner said, speaking at a car industry conference organised by autos publication Automobilwoche in Ludwigsburg.

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