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Bosch claims semiconductor source chains in auto field no longer do the job

German engineering and engineering group Bosch, which is the world’s major automobile-components provider, believes semiconductor provide chains in the automotive market are no longer fit for function as the world chip shortage rages on.

Harald Kroeger, a member of the Bosch management board, informed CNBC’s Annette Weisbach in an unique interview Monday that supply chains have buckled in the final 12 months as demand from customers for chips in all the things from vehicles to PlayStation 5s and electric toothbrushes has surged worldwide.

Coinciding with the surge in need, several key semiconductor manufacturing sites have been compelled to halt manufacturing,

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