Bosch expands business despite chip crisis

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DPA

Despite the chip crisis, the German technology group and car parts supplier Bosch reported on Wednesday that sales rose last year by 10% to €78.8 billion ($90 billion). According to preliminary figures, the operating profit grew to €3.2 billion, compared to €2 billion previously. Bosch thus overcame the dip in sales and profits of the previous year, which was marked by coronavirus-related lockdowns and the car crisis. The new Bosch CEO Stefan Hartung made it clear that the supply bottlenecks for semiconductors are far from over. “This is affecting us in all sectors, right up to consumer goods….

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