BMW Expects World Chip Shortage Problem To End In 2023

BMW estimates that the chip shortage will last throughout 2022. (photo: doc. pixabay)

JAKARTA - The shortage of semiconductors is likely to remain a problem for the auto industry until 2023. This was stated by the Chief Executive of German carmaker BMW, Oliver Zipse, in an interview with the newspaper I (NZZ) published on Monday, April 11.

"We're still on the cusp of a chip shortage", Zipse said. "I hope we start seeing improvements next year at the latest, but we still have to deal with a fundamental shortfall in 2023."

BMW said during its annual press conference in mid-March that it expected the chip shortage to last throughout 2022, but corrected and pushed it back to 2023.

Zipse's comments echo a similar statement by Volkswagen's CFO, Arno Antlitz, on Saturday, April 9, who said he expected that the supply of chips would not be able to meet demand until 2024.

This condition makes it difficult for the production of cars or other vehicles to meet the target. In fact, it is estimated that it will continue to decline. The impact, of course, will reduce the income of most of the car manufacturers in the world, including BMW and Volkswagen.

Although several ways have started to be done by building new chips or semiconductor factories in several countries, this will not be able to overcome the problem of shortage of these chips in a short time. No wonder they are now targeting this chip supply problem to be completed in 2023 and even in 2024.