Auto parts supplier Aptiv flags Southeast Asia chip constraints


Given the COVID-19 outbreaks in Malaysia and Thailand, governments are taking a meaningful stance on production closures, Massaro said, speaking at the RBC Capital Markets industrials conference.File pic shows the Infineon plant in Malaysia)

Auto parts supplier Aptiv Plc is facing significant semiconductor supply constraints in the third quarter due to the fast-spreading Delta variant of the coronavirus in Southeast Asia, Chief Financial Officer Joseph Massaro said on Friday.

Given the COVID-19 outbreaks in Malaysia and Thailand, governments are taking a meaningful stance on production closures, Massaro said, speaking at the RBC Capital Markets industrials conference.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

PETRONAS seals LNG supply deal with CNOOC
SIB disposes of Seremban land for RM25mil
Utility contracts set to drive Steel Hawk earnings
Nexgram focuses on core operations
Perak Transit eyes growth from terminal expansion
Borneo Oil’s associate seeks Nasdaq listing
Nam Cheong nets US$20.5mil in vessel sale
Trive Property to bank on its rental income
Hong Kong plans crypto and infrastructure rules for insurers
Consumer sector posts ESG compliance gains

Others Also Read