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(Reuters) - Semiconductor shortages and the delayed packaging and testing of the chips will cause production of global light vehicles to drop by five million this year, data firm IHS Markit said on Thursday, marking the biggest cut to its outlook in nine months.
Elon Musk praised Chinese automakers as “the most competitive in the world” at an online forum Friday, where the Tesla Inc chief also touched upon data security and the nation’s “great potential” as a market for electric vehicles.
VILLACH, Austria (Reuters) - Infineon Technologies opened a 1.6 billion euro ($1.9 billion) plant in Austria on Friday, boosting the German semiconductor company's ability to supply power chips for cars, datacenters and renewable power generation.
WASHINGTON (Reuters) - General Motors Co Chief Executive Mary Barra said Friday the largest U.S. automaker plans to make changes in its supply chain as it works to address the continuing semiconductor chip crisis that has forced significant production cuts.
Hybrid cars are the immediate future for India, as infrastructure challenges means electric mobility will take longer to be adopted in the country, says auto industry player.
DETROIT (Reuters) - Global automakers could lose $210 billion in revenue this year because of supply chain disruptions, nearly double a forecast earlier this year, consulting firm Alixpartners said Thursday.
SEOUL/SAN FRANCISCO (Reuters) -Samsung Electronics Co Ltd is close to finalising the construction of a $17 billion semiconductor factory in Williamson County in the U.S. state of Texas, three people with knowledge of the matter said.
Malaysia’s help is needed to resolve the global shortage of auto semiconductors, especially when it comes to packaging, a sector affected by the country’s Covid-19 curbs, Taiwan Economy Minister Wang Mei-hua said.
Unfortunately for Facebook, its image is perhaps its biggest flaw in this quest for the Internet's Holy Grail.
Taiwan is calling for peace in the face of ramping aggression from China, saying the global chip ecosystem relies on it to be able to operate smoothly.