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Jun 28, 2022 PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

semiconductor chip

Ford cuts production at two German plants due to chip shortage
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
Chip shortage casts shadow over China's auto industry recovery
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
TSMC suffers power outage at southern Taiwan plant
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
China chipmaker SMIC to invest in $2.35bn facilities in Shenzhen
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