China's Huawei Technologies is expanding its smart car partnership with state-owned Chongqing Changan Automobile Co Ltd to include the design and development of auto-use semiconductors
The gap between ordering a chip and taking delivery increased to 17 weeks in April, according to one research.
The global semiconductor chip shortage will cost automakers $110 billion in lost revenues this year, consulting firm AlixPartners said, as it forecast the crisis will hit the production of 3.9 million
This represents a 12.5 per cent year-over-year growth, according to the International Data Corporation (IDC).
The chief executive of the biggest US chip-maker, Intel Corp, said the company is going to curb its focus on buying back its own stock
Manufacturers are warning that production will continue to be affected because of the deepening chip crisis.
As a global shortage of semiconductor looms, it would make sense for India to focus on chip design rather than manufacturing
Intel fumbled new manufacturing technology in recent years, causing it to fall behind rivals such as Advanced Micro Devices Inc and Nvidia Corp in the race to make faster, smaller chips
The funding will be used by Tessolve, a Hero Electronix venture, to drive further growth through acquisitions and organic investments
Auto industry executives are rattled by a global shortage of semiconductors which is hitting production in China
Hyundai Motor said on Friday that it will again suspend the Sonata-producing plant in South Korea for two days next week due to an electronic parts shortage.
The firm said it is doing all it can to increase productivity and alleviate a worldwide chip shortage
Ford said in March it expected the semiconductor shortage to cost between $1 billion and $2.5 billion
The global chip shortage stems from a confluence of factors as carmakers, which shut plants during the Covid-19 pandemic last year
Sharp coronavirus manufacturing shutdowns a year ago were exacerbated by a prolonged surge in demand for better home broadband equipment
Firms need more time to prepare their DPRs: Govt
SHANGHAI (Reuters) - Smartphone maker Xiaomi has joined a rush of Chinese tech companies venturing into the semiconductor sector, announcing on Wednesday a new chip to help smartphone cameras process images.
Stellantis NV and Chinese electric vehicle maker Nio became the latest carmakers to announce new production cuts as a result of a global semiconductor chip shortage
MeitY draws up list of potential players
Biden also signed an executive order on Wednesday aimed at addressing the global semiconductor chip shortage that has alarmed the White House and members of Congress, administration officials said