Cathie Wood’s flagship fund has taken in over $600 million since mid-June
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Reuters
Mercedes CEO sees semiconductor shortage dragging on into 2023
MUNICH (Reuters) -The global shortage of semiconductor chips will last throughout this year and into 2023, the chief executive at premium German carmaker Mercedes-Benz said on Wednesday. “The semiconductor situation is very present and will be a challenge for the industry throughout this year and into next year,” CEO Ola Kaellenius said at the Reuters Automotive Europe conference in Munich. He said that as the auto industry makes the transition to electric vehicles (EVs), Mercedes-Benz will play a “more active role” throughout its supply chain all the way to where raw materials are mined.