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    Home»Business»Rivian CEO Says Chip-Shortage Problems to Ease This Year
    Business

    Rivian CEO Says Chip-Shortage Problems to Ease This Year

    By AdminMay 11, 2022
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    Rivian CEO Says Chip-Shortage Problems to Ease This Year



    Electric-vehicle startup Rivian Automotive maintained its production forecast for 2022, with executives saying the supply-chain problems that have stifled its factory output in recent months are expected to ease later this year.

    Rivian, which reported quarterly results after the market close Wednesday, said revenue for the first quarter was $95 million, below Wall Street expectations.



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