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Volkswagen's strong sales, including of its electric vehicles, is set to be stymied by the worsening shortage of semiconductor chips.
PETALING JAYA: Dagang NeXchange Bhd (DNeX) has completed the acquisition of a 60% stake in Silterra Malaysia Sdn Bhd (SilTerra) for RM168.3mil cash from Khazanah Nasional Bhd
KUALA LUMPUR (Bernama) -- Dagang NeXchange Bhd (DNeX) has completed the acquisition of a 60% stake in SilTerra Malaysia Sdn Bhd from Khazanah Nasional Bhd, making DNeX the majority shareholder of SilTerra.
AMIDST the coronavirus-induced market sell-off in 2020, local semiconductor stocks shone on the back of robust demand for chips as lockdowns and travel restrictions prompted consumers to buy more smartphones and electronic devices.
SEOUL (Reuters) - Samsung Electronics has applied for tax breaks to potentially build its planned $17 billion U.S. chip factory in a location in Texas other than Austin, where it has an existing chip plant, according to a document filed with Texas state officials.
(Reuters) - Dutch navigation and digital mapping company TomTom on Thursday cut its 2021 outlook, amid a global shortage in semiconductor chips that has disrupted auto supply chains and should eat into its revenues from carmakers.
BEIJING (Global Times): China's GDP expanded 7.9 per cent year-over-year in the second quarter of 2021, continuing a streak of robust growth mainly thanks to the government's successful containment of the Covid-19 outbreak throughout the country, which sets the basis for a steady revival of domestic consumption and manufacturing activity.
HANOI (Vietnam News/ANN): While many places in Vietnam are struggling to fight the Covid-19 pandemic, the six-month economic picture still delivered optimistic data, showing the recovery process is continuing and partly overshadowing the challenges the country is facing to achieve its dual targets.
France's automobile industry continues to struggle as the global semiconductors shortage forces the industry to lower production.
Vietnam suffer plunge in factory activity on renewed Covid-19 curbs; Asia factories see momentum weaken on rising costs
Asia's factory activity saw momentum weaken in June as some countries struggled with rising input costs and the reintroduction of curbs to combat a new wave of coronavirus infections, official surveys has showed.