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chipmaker

Atlas Copco vacuums up chip demand to beat profit forecasts
Business & Finance

Atlas Copco vacuums up chip demand to beat profit forecasts

  • Order intake at Atlas, Sweden's most valuable company by market capitalisation, rose 18% organically to a record 30.5 billion crowns, exceeding analysts' expectations of 28.8 billion crowns.
  • Atlas reported an adjusted operating profit of 5.65 billion Swedish crowns ($672 million), up from 5.1 billion a year earlier and beating the 5.54 billion mean forecast in a Refinitiv analysts' poll.
Published 27 Apr, 2021 06:03pm
Fire at chipmaker further tightens supply to car sector: Bosch
Business & Finance

Fire at chipmaker further tightens supply to car sector: Bosch

  • Bosch said the shortage, which it said was affecting integrated circuits, automotive microcontrollers as well as application-specific integrated circuits, was also affected by weather-related production issues at other chipmakers.
  • Toyota, Nissan, Honda and other Japanese carmakers scrambled on Monday to assess the impact on their production of a fire at a Renesas Electronics chip plant that could aggravate a global semiconductor shortage.
Updated 23 Mar, 2021 05:09pm
GlobalFoundries, Bosch to develop radar chips for self-driving car features
Business & Finance

GlobalFoundries, Bosch to develop radar chips for self-driving car features

  • Under the deal, Santa Clara, California-based GlobalFoundries said it will make high-frequency radar chips for Bosch at its Fab 1 facility in Dresden, Germany. Radar chips are widely used in vehicles for driver-assistance features such as emergency braking, lane-keeping and parking assistance.
  • Rather than source the chips from a third-party company to put inside a radar module, Bosch is working directly with the chip contract manufacturer to have its own design custom-made.
Updated 09 Mar, 2021 09:33pm