BMW CEO Oliver Zipse visits the BMW vaccination centre as the German car manufacturer starts to provide coronavirus disease (COVID-19) vaccinations for staff, in Munich, Germany, June 7, 2021. (REUTERS/Andreas Gebert / Reuters Photos)
"I expect that the general tightness of the supply chains will continue in the next 6 to 12 months," he said at the IAA Munich car show.
Ticker Security Last Change Change % BMWYY BAYERISCHE MOTOREN WERKE AG 31.48 +0.07 +0.24%
Zipse, who like other car executives is battling lower production due to a lack of semiconductors, said he saw no issues in the long-term, adding that the automotive industry was an attractive client for chipmakers.