Bottlenecks, supply problems improving at ABB robotics division – board member

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)