Chip shortage is a global phenomenon, may persist till 2022: Bosch

Company's capex plan for FY22 dips for the first time in several years, is pegged at Rs 200 cr

Engineering and Technology company Bosch said that the shortage of semiconductors or chips is a global reality and the impact of this is for the world as much as for India.

Soumitra Bhattacharya, MD, Bosch reiterated what Bosch CEO Volkmar Denner said a few days back, that the shortages of chips will impact the car market and it could remain tight till 2022. “Chip shortage is a ground reality and it affects the world markets and not just India. Tier-1 suppliers like us and our competitors depend on ECUs, which are supplied by tier-2 manufacturers. But one has to remember