Mercedes CEO says carmaker is scurrying for chips after Nexperia nationalization

Core Insights - The CEO of Mercedes indicated that the company is actively seeking alternatives due to disruptions caused by a key microchip supplier caught in the geopolitical tensions between the U.S. and China [1] Company Summary - Mercedes is facing challenges in its supply chain as a critical microchip manufacturer is affected by geopolitical issues, prompting the company to explore other options [1]