Trends - semiconductor chip - Business Recorder

semiconductor chip

Chip shortage has seemingly eased, but challenges persist

The advent of Covid-19 in early 2020 sparked unprecedented and unimaginable problems for the world. However, some...

Published 24 Aug, 2022 08:35pm

Business & Finance

Volkswagen gets reality check after Tesla's week of milestones

FRANKFURT: It's been a sobering week for Herbert Diess' electric vehicle ambitions. While Tesla joined the...

Updated 29 Oct, 2021 05:46pm

Business & Finance

GM upbeat on full-year results despite impact of chip shortage

DETROIT: General Motors Co on Wednesday reported stronger-than-expected results for the third quarter, despite a ...

Published 27 Oct, 2021 05:40pm

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 20 Oct, 2021 05:04pm

Business & Finance

New semiconductor plants will end global auto chip shortage next year: Tesla's Musk

"There's a lot of chip fabrication plants that are being built," Musk says
"I think we will have good capacity for providing chips by next year," he says

Published 24 Sep, 2021 05:45pm

Business & Finance

Hyundai Motor set to use internally developed chip for upcoming car: media report

We are aiming to apply our internally developed power chip to a new car to be launched in the second quarter of next year

Updated 03 Sep, 2021 05:47pm

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

Stellantis CEO says semiconductor crisis hitting carmakers ‘hard and strong’

"The longer the chip crisis lasts, the harder it will be to sustain the auto industry's current business model," Stellantis boss Carlos Tavares told a FT web conference.

Published 12 May, 2021 04:50pm

Business & Finance

Ford cuts production at two German plants due to chip shortage

"The situation on the global semiconductor market remains tense and, according to all estimates, will continue to be so in the coming months, resulting in supply bottlenecks," a spokeswoman for Ford said in a statement.
The carmaker said it planned to make up for lost production "as best we can" and would prioritise vehicles already ordered by customers.

Published 03 May, 2021 07:43pm

Business & Finance

Chip shortage casts shadow over China's auto industry recovery

Automakers around the world have had to adjust assembly lines due to the shortages, caused by manufacturing delays that some semiconductor makers blame on a faster-than expected recovery from the coronavirus pandemic.
Volkswagen AG, China's biggest foreign automaker which hopes to sell over four million vehicles in the country, said the situation had not improved in the second quarter.

Published 19 Apr, 2021 05:32pm

Business & Finance

TSMC suffers power outage at southern Taiwan plant

It cited Alice Cheng, an executive at the science park administration, as saying that most companies there have backup systems in the event of power failure.
The operations of TSMC, whose clients include Apple Inc and Qualcomm Inc, are being closely watched by its customers and investors due to a global shortage of chips for everything from cars to washing machines.

Published 14 Apr, 2021 04:42pm

Business & Finance

Stellantis pickups hit, Ford cuts production due to global semiconductor shortage

Ford said it will idle its Ohio assembly plant, while its Kentucky Truck Plant in Louisville will only work two of three shifts. Both plants will return to full production the week of March 29.
The US automaker said the latest action is part of a prior forecast it made that the shortage could hit 2021 profits by $1 bln to $2.5 bln.

Published 20 Mar, 2021 10:23pm

Business & Finance

China chipmaker SMIC to invest in $2.35bn facilities in Shenzhen

"The company and Shenzhen government will jointly drive other third-party investors to complete the remaining capital contribution," it said.
SMIC's co-CEO Zhao Haijun said last month the company could not meet customer demands for certain mature technologies and its plants have been running "fully loaded" for several quarters.

Published 17 Mar, 2021 09:06pm

Business & Finance

GM extends vehicle production cuts due to semiconductor chip shortage

The extended cuts do not change GM's forecast last month that the shortage could shave up to $2 billion from this year's earnings.
GM continues to leverage every available semiconductor to build and ship our most popular and in-demand products, including full-size trucks and SUVs.

Published 03 Mar, 2021 07:22pm

Markets

GM extends vehicle production cuts, begins parking incomplete cars due to global chip shortage

Semiconductor supply remains an issue that is facing the entire industry. GM's plan is to leverage every available semiconductor to build and ship our most popular and in-demand products.
GM vehicles affected by the idled plants include the Chevrolet Malibu sedan, Cadillac XT4 SUV, Chevy Equinox, and GMC Terrain SUVs.

Updated 09 Feb, 2021 10:02pm

Business & Finance

Bosch says pandemic and chip shortage to weigh on carmakers in 2021

"We are quite positive," Chief Executive Volkmar Denner said, although he added that "we still have a long way to go to catch up".
"We all fight together in close cooperation to solve the problem." he said.

Published 04 Feb, 2021 07:16pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 26	278.40
USD PKR Interbank Buying / Jul 26	278.20
USD to Japanese Yen / Jul 26	153.77
USD to Swiss Franc / Jul 26	0.88
Pound Sterling to USD / Jul 26	1.29
Euro to USD / Jul 26	1.09

Stock	Volume
S&P 500 / Jul 25	5,399.22
Nasdaq / Jul 25	17,181.72
Dow Jones / Jul 25	39,935.07
India Sensex / Jul 26	80,709.64
Tokyo Nikkei / Jul 26	37,865.35
Hang Seng / Jul 26	17,058.55
FTSE 100 / Jul 26	8,255.78
Germany DAX 30 / Jul 26	18,346.62

Item	Value
Crude Oil USD/Barrel / Jul 26	78.38
Karachi Cotton PKR/37.32 KG / Jul 26	17,035
Gold 10 Grams PKR / Jul 26	215,621
Gold Spot USD/Ounce / Jul 26	2,374.19
Cotton US¢/pound / Jul 26	68.62
Petrol/Litre / Jul 27	275.60

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jul 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jul 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jul 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jul 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jul 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jul 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jul 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jul 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jul 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jul 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jul 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jul 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jul 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jul 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jul 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jul 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jul 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jul 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jul 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jul 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jul 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jul 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jul 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jul 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jul 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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