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GM extending Bolt production halt for two additional weeks
WASHINGTON (Reuters) -General Motors said Wednesday it will extend a production halt of its electric vehicle Chevrolet Bolt for two additional weeks as it works to accelerate production of new battery modules and prioritize recall repairs.
Hyundai Motor aims to develop chips, cut reliance on chipmakers
SAN FRANCISCO (Reuters) -Hyundai Motor's global chief operating officer said on Wednesday the South Korean automaker wants to develop its own chips to reduce reliance on chipmakers.
GlobalFoundries seeks $25 billion valuation in U.S. IPO as chip demand soars
(Reuters) -Chipmaker GlobalFoundries, owned by Abu Dhabi's sovereign wealth fund Mubadala Investment Co, is aiming for a valuation of about $25 billion in its initial public offering in the United States.
Foxconn sets sights on making EVs in Europe, India, Latin America
TAIPEI (Reuters) -Taiwan tech giant Foxconn is looking at making electric vehicles (EVs) in Europe, India and Latin America, including "indirectly" cooperating with German automakers, Chairman Liu Young-way said on Wednesday.
ASML edges past analyst estimate for Q3 profit amid chip shortage
AMSTERDAM (Reuters) -ASML Holding NV, a key supplier to computer chip makers, posted slightly better-than-expected quarterly net income of 1.74 billion euros ($2 billion) on Wednesday, amid strong demand for its products and a global semiconductor shortage.
GM, Ford results likely to reflect chip shortage's varying impacts on sector
DETROIT (Reuters) - General Motors Co and Ford Motor Co are likely to show investors both the positive and negative financial impacts of the global semiconductor chip shortage when the U.S. automakers report third-quarter results on Wednesday.
SK Hynix more upbeat than rivals on rising memory-chip demand
SEOUL (Reuters) -SK Hynix forecast steady demand for memory chips on Tuesday as it posted its highest quarterly operating profit in nearly three years on the back of rising prices, striking a more bullish note than rivals including Micron.
Chip crunch hits customers like ‘never’ before year into crisis
When semiconductor shortages began to hit automakers and other customers late last year, executives voiced optimism that supplies would quickly return to normal. They’re still waiting.
Chipmaker GlobalFoundries valued at $26 billion in lackluster Nasdaq debut
(Reuters) -Shares of GlobalFoundries Inc, which is owned by Abu Dhabi's sovereign wealth fund Mubadala Investment Co, opened flat on the Nasdaq on Thursday, giving the chipmaker a market capitalization of about $26 billion.
SK Hynix to acquire S.Korea-based chip contract manufacturer for $492 million
SEOUL (Reuters) -SK Hynix Inc, the world's second-largest memory chip maker, said on Friday it will acquire South Korea-based Key Foundry, a chip contract manufacturer, for 576 billion won ($492.41 million).
