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KUALA LUMPUR: UMW Holdings Bhd, which saw its automotive sales surged 35% in the first quarter of 2021, expects the momentum to continue in the second quarter.
China on Tuesday urged the United States to refrain from playing with fire on the Taiwan issue, after it issued new guidelines that will enable U.S. officials to meet more freely with officials from Taiwan.
NEW YORK: The S&P 500 and Dow rose in a broad-based rally on Friday with technology, healthcare and financial stocks providing the biggest lift as investors bet on a recovery that is expected to deliver the fastest economic growth since 1984.
WASHINGTON (Reuters) - President Joe Biden will sign an executive order on Wednesday aimed at addressing a global semiconductor chip shortage that has forced U.S. automakers and other manufacturers to cut production and alarmed the White House and members of Congress, administration officials said.
Stocks may rally further as global demand outstrips supply
TOKYO (Reuters) - Japan's second and third largest automakers, Honda Motor and Nissan Motor, will sell a combined 250,000 fewer cars in the current financial year as a global shortage in semiconductor chips hits production.
Company plans to increase manufacturing capacity
TAIPEI, Jan 29 (AFP):Taiwan's GDP grew by nearly three per cent last year, official projections showed Friday, making the island one of the world's strongest performing economies during the coronavirus pandemic and surpassing China for the first time in three decades.
TAIPEI: Taiwan Semiconductor Manufacturing Co Ltd (TSMC) will prioritise production of auto chips if it is able to further increase capacity, Taiwan’s Economics Ministry told Reuters, amid a global shortage that has hampered car production.