Bosch expects chip shortage to drag on into 2022

A worker holds a 200mm silicon wafer at the Bosch semiconductor fabrication plant. Bosch's incoming boss predicts the chip shortage is here to stay. — Bloomberg

Stefan Hartung, the incoming chief executive of German technology company Bosch, says the industry's shortage in semiconductor chips is not going away any time soon.

"Let's be clear, the chip crisis is not over," Hartung told the magazine Focus.