Asked whether supply chain issues in the chip industry have been resolved, ABB's Peter Voser said that he believes the worst of the shortage has now subsided.
Asked whether supply chain issues with regard to semiconductors have been resolved, ABB's Peter Voser said that he believes the worst of the chip supply crunch has subsided.
"But if I look today at it, I think it's now being sorted out. I think global growth slowdown has helped on this as well, and now for the future I'm quite optimistic." "We still delivered in that sense but not at the full capacity," he said. "We weathered the storms in a certain way." "The rest of the world will see lower growth in 2023, I would predict, the first few months," he said. "In that sense, I am of the school [that in] the second half, China will bounce back and see growth which is higher than anticipated."
One thing the chip shortage has highlighted is the dependency of manufacturers on components from East Asia.Its chipmaking prowess is the envy of many developed Western nations, which are taking measures to boost domestic production of chips.
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