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Bosch says semiconductor supply chains in car industry no longer work

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German technology and engineering group Bosch, which is the world’s largest car-parts supplier, believes semiconductor supply chains in the automotive industry are no longer fit for purpose as the global chip shortage rages on.

Harald Kroeger, a member of the Bosch management board, told CNBC’s Annette Weisbach in an exclusive interview Monday that supply chains have buckled in the last year as demand for chips in everything from cars to PlayStation 5s and electric toothbrushes has surged worldwide.

Coinciding with the surge in demand, several key semiconductor manufacturing sites were forced to halt production, Kroeger said.

In February, a winter storm in Texas caused blackouts at NXP…



Source cnbc.com

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