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Siemens can manage semiconductor squeeze – CEO – Metro US

Siemens can manage semiconductor squeeze – CEO

FILE PHOTO: Siemens fiscal Q1 results
FILE PHOTO: Siemens fiscal Q1 results

ZURICH (Reuters) – Siemens is sure it can secure sufficient components to make its products despite constrained supplies for commodities and semiconductor chips, CEO Roland Busch said on Thursday.

“We believe we can secure supplies and will be able to deliver,” Busch said at the company’s investor day.

Siemens is seeing continuous, strong growth across its business during its third quarter, he added, including a “very, very strong Chinese market”.

(Reporting by John Revill; editing by Jason Neely)