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Topic

semiconductor chip

Germany ready to double state aid for semiconductor industry

Germany ready to double state aid for semiconductor industry

Published 01 Jul, 2021 06:10pm
  • 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.
Ford cuts production at two German plants due to chip shortage

Ford cuts production at two German plants due to chip shortage

Published 03 May, 2021 07:43pm
  • "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.
Chip shortage casts shadow over China's auto industry recovery

Chip shortage casts shadow over China's auto industry recovery

Published 19 Apr, 2021 05:32pm
  • 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.
TSMC suffers power outage at southern Taiwan plant

TSMC suffers power outage at southern Taiwan plant

Published 14 Apr, 2021 04:42pm
  • 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.
Stellantis pickups hit, Ford cuts production due to global semiconductor shortage

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

Published 20 Mar, 2021 10:23pm
  • 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.
China chipmaker SMIC to invest in $2.35bn facilities in Shenzhen

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

Published 17 Mar, 2021 09:06pm
  • "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.
GM extends vehicle production cuts due to semiconductor chip shortage

GM extends vehicle production cuts due to semiconductor chip shortage

Published 03 Mar, 2021 07:22pm
  • 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.
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