Nokia CEO says the global chip shortage requires ‘constant attention’
Summary
The ongoing global chip shortage needs to be closely monitored and supply chain visibility isnt as good as it used to be, Nokia President and CEO Pekka Lundmark told CNBC. Lundmark, who took the top job at Nokia in September, told CNBCs "Squawk Box Europe" Friday that the chip market is "tight" at the moment. Its automotive, its consumer gadgets, its the emerging IOT (internet of things) devices," he said. Chips are used to power cars, phones, high performance computers, defense systems, AI applications and many other things. Several manufacturers including GM, Honda, and Ford have been forced to cut production.
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