MUNICH (Reuters) - Bottlenecks in the supply of semiconductors and other components for ABB's robotics division are improving, the board member responsible for the unit said late on Monday.
MUNICH (Reuters) – Bottlenecks in the supply of semiconductors and other components for ABB’s robotics division are improving, the board member responsible for the unit said late on Monday.
“It’s getting better right now, but it’s not over yet,” Sami Atiya, head of ABB’s robotics division, told reporters in Munich. “It will take a few quarters,” he added.
He said despite tough economic conditions in Europe, the division had not yet seen order cancellations.
(Reporting by Alexander Huebner, editing by Rachel More)
Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn more about Thomson Reuters products: