Trends - chip shortage - Business Recorder

chip shortage

Global manufacturers see chip shortage easing

ZURICH/STOCKHOLM: Hyundai Motor Co, factory robot builder ABB and Swedish fridge maker Electrolux see the...

Published 21 Jul, 2022 06:24pm

Business & Finance

China, Europe car sales dampened by chip shortage, Covid measures

SHANGHAI/BERLIN: Car sales in China and Europe remain depressed compared to last year’s levels as semiconductor...

Published 27 May, 2022 07:30am

Markets

Ford suspends or cuts output at plants due to chip shortage

DETROIT: Ford Motor Co said on Monday it will continue idling some of its assembly plants in the week of Feb. 14 due...

Published 14 Feb, 2022 07:24pm

Business & Finance

Porsche expects another record year for sales despite chip shortage

BERLIN: Luxury carmaker Porsche AG expects another record year for sales despite the global semiconductor chip...

Published 06 Feb, 2022 05:38pm

Business & Finance

Apple hits revenue record despite chip shortage

SAN FRANCISCO: Apple reported record $124 billion quarterly revenue on Thursday, despite a global chip pinch and...

Published 31 Jan, 2022 07:10am

Markets

India outlines $10bn plan to woo global chip makers

NEW DELHI: India has approved a $10 billion incentive plan to attract semiconductor and display manufacturers, its...

Published 15 Dec, 2021 07:58pm

Business & Finance

Chip shortage to cost Daimler Truck billions in revenues

BERLIN: Daimler Truck Chief Martin Daum expects the global chip shortage to hit revenues by several billion euros...

Published 29 Nov, 2021 06:03am

Business & Finance

GM aims to tackle chip shortage with new designs made in North America

General Motors aims to tackle the global semiconductor shortage with new designs built in North America, President...

Updated 18 Nov, 2021 11:23pm

Business & Finance

Apple cuts iPad production to feed chips to iPhone 13

Apple Inc has cut back production of iPad tablets to allocate more components to the iPhone 13, a sign the global...

Published 02 Nov, 2021 04:55pm

Business & Finance

Indian carmaker Maruti's profit expectations upended by chip crunch

Q2 net profit 4.75bn rupees vs forecast 7.2bn
Maruti cut production by 60% in September
Cutting costs, hiking prices to cope with commodity costs

Published 27 Oct, 2021 06:28pm

Business & Finance

Renault sees bigger production hit from chip shortage

PARIS: French carmaker Renault expects to produce at least 300,000 fewer vehicles this year due to a global shortage...

Published 21 Oct, 2021 04:38am

Business & Finance

Tesla beats quarterly revenue estimates

Tesla Inc on Wednesday beat Wall Street expectations for third-quarter revenue on the back of record deliveries as...

Published 21 Oct, 2021 01:40am

Business & Finance

Hyundai Motor aims to develop chips, cut reliance on chipmakers

SAN FRANCISCO: Hyundai Motor's global operating officer said on Wednesday the automaker wants to develop its own...

Published 14 Oct, 2021 12:01am

Business & Finance

Tesla Shanghai to make 300,000 cars despite chip shortage

BEIJING: Tesla Inc's Shanghai factory is expected to produce 300,000 cars in the first nine months of the year,...

Published 27 Sep, 2021 05:51am

Business & Finance

GM CFO sees ‘more stable’ chip supplies in 2022, reaffirms 2021 outlook

Jacobson cautions that GM's third quarter wholesale deliveries could be down by 200,000 vehicles because of chip shortages

Published 10 Sep, 2021 07:16pm

Business & Finance

Intel to invest up to 80bn euros in boosting EU chip capacity

The CEO says the aim was for a "total project of 80 billion euros ($94.77 billion) over the next decade that would be a catalyst for the semiconductor industry... a catalyst for the entire technology industry"

Published 07 Sep, 2021 10:19pm

Business & Finance

Chip shortage holds back German car sales in August

FRANKFURT: New car sales in Germany were down in August for the second consecutive month, data released Friday...

Published 04 Sep, 2021 06:04am

Business & Finance

Truckmaker Scania pauses production over chip shortage

STOCKHOLM: Swedish truckmaker Scania said Monday it would pause lorry production in Sweden, France and the...

Published 31 Aug, 2021 04:03am

Business & Finance

Stellantis extends output halts at several European car plants on chip shortage

Production will stay halted this week at the Rennes plant, while it will be suspended at the Italian plant of SevelSud, the spokesperson says

Published 30 Aug, 2021 08:09pm

World

Virus-wracked Indonesia hits 100,000 deaths

More than 3.5 million infections have been recorded to date though official figures are widely believed to be an underestimate

Published 04 Aug, 2021 05:57pm

Business & Finance

Carmakers warn chip shortage putting brakes on recovery

PARIS: The automobile industry is being hit hard by a shortage of computer chips that has slowed production and is...

Published 02 Aug, 2021 06:02am

Business & Finance

Global chip shortage will easily drag into 2022

World's No. 4 automaker Stellantis is making decisions around changing the diversity of chips it intends to use, says chief executive

Updated 22 Jul, 2021 01:27am

Business & Finance

Volkswagen China sees chip supply shortage easing

"We hope the chip supply crisis will bottom out this summer and expect to see an improvement in this situation within the second half of the year," Woellenstein, told.

Published 16 Jul, 2021 07:52pm

Business & Finance

BMW warns chip supply shortage 'critical', output to suffer

Chip supply outlook for H2 remains tense -board member.
Lost production 30,000 units so far in 2021 -board member.
Comments made as serial production of iX SUV starts.

Published 02 Jul, 2021 06:24pm

Business & Finance

Germany ready to double state aid for semiconductor industry

He has already earmarked 5 billion euros ($5.9 billion) in government money to support chip makers under a European Union-backed scheme.
Citing "high interest from significant investors from outside Germany", Altmaier told.

Published 01 Jul, 2021 06:10pm

Technology

Chip shortage to become worse in late 2021: Intel CEO

Pat Gelsinger predicts it will get worse before getting better

Published 26 Jun, 2021 02:23pm

Business & Finance

Global chip shortage might impact vehicle production in Pakistan

Reports highlighting the gravity of the situation revealed that the shortage could last for almost an entire year.
Several technical features in most new vehicles heavily rely on these computer chips to function properly. Therefore, the shortage is directly impacting production lines.

Updated 27 Apr, 2021 04:08pm

Business & Finance

AutoNation profit almost triples as chip shortage boosts vehicle prices

"Demand continues to exceed supply for new vehicles, and we expect this to continue throughout 2021, in part due to the production disruption," Chief Executive Officer Mike Jackson said.
AutoNation's gross profit per new vehicle at stores that have stayed open for at least a year jumped 61% to $2,739 in the first quarter from a year earlier. The company's gross profit per used vehicle jumped 17% to $1,744.

Published 20 Apr, 2021 05:41pm

Business & Finance

GM extends North America production cuts due to chip shortage

The move's impact has been baked into GM's prior forecast that the shortage could shave up to $2 billion off this year's profit.
The plant makes Chevrolet Camaro sports car and Cadillac CT4 and CT5 sedans. It has been out of action since March 15.

Published 08 Apr, 2021 08:58pm

Business & Finance

US automakers post high quarterly sales even as chip shortage bites

The need for increased personal safety during the COVID-19 pandemic has boosted sales for automakers, as people prefer to travel by their own cars to using public transportation.
The No.1 US automaker said it estimates that the seasonally adjusted annual sales pace for the first quarter of the year was around 16.7 million units.

Published 01 Apr, 2021 09:24pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 14	278.71
USD PKR Interbank Buying / Jun 14	278.51
USD to Japanese Yen / Jun 14	157.40
USD to Swiss Franc / Jun 14	0.89
Pound Sterling to USD / Jun 14	1.28
Euro to USD / Jun 14	1.07

Stock	Volume
S&P 500 / Jun 14	5,431.60
India Sensex / Jun 14	76,992.77
Tokyo Nikkei / Jun 14	38,814.56
Nasdaq / Jun 14	17,688.88
Hang Seng / Jun 14	17,941.78
FTSE 100 / Jun 14	8,146.86
Dow Jones / Jun 14	38,589.16
Germany DAX 30 / Jun 14	18,002.02

Item	Value
Crude Oil USD/Barrel / Jun 14	78.45
Karachi Cotton PKR/37.32 KG / Jun 14	19,935
Gold 10 Grams PKR / Jun 14	207,047
Gold Spot USD/Ounce / Jun 14	2,333.04
Cotton US¢/pound / Jun 14	72.14
Petrol/Litre / Jun 16	258.16

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 16 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 16 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 16 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 16 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 16 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 16 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 16 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 16 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 16 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 16 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 16 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 16 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 16 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 16 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 16 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 16 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 16 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 16 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 16 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 16 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 16 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 16 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 16 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 16 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 16 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 16 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 16 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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