Chip Shortage

After predicting the global chip shortage would last until 2023, Intel Corporation (NASDAQ: INTC) CEO Pat Gelsinger is now suggesting the shortage could last until at least 2024.  Gelsinger thinks that the industry can meet the demand for new products being built on new lines,...

Supply chain issues have hurt the availability and sales numbers of the Playstation 5, the newest console from Sony Group Corp (NYSE: SONY), but the company may have a temporary solution for gamers. What Happened: Sony has been struggling with supply constraints of its Playstation 5, which was...

Investors, shoppers and company executives don’t have to look far to hear about chip shortages and supply chain issues heading into the holiday season. A new report shows that using repaired electronics could help with the issues being caused ahead of the holidays. What Happened: Out-of-stock...

Lean inventories at dealerships — and strong demand for pickup trucks — are forcing U.S. car buyers to drive out farther to find the car of their choice, says automotive consultancy J.D. Power. What Happened: The average number of buyers who traveled more than 50 miles to find a...

General Motors Co (NYSE: GM) and Ford Motor Co (NYSE: F) are extending production cuts at some of their manufacturing facilities in the United States, Reuters reported on Thursday, citing the companies. What Happened: The two automakers are cutting additional production due to the ongoing...

Tesla Inc.'s (NASDAQ: TSLA) Shanghai factory is expected to produce 300,000 cars in the first nine months of the year, Reuters reports, citing unidentified sources.  What Happened: According to the report, the plant has seen a delivery rush at the end of the July-...

Apple Inc (NASDAQ: AAPL) is among a list of companies that will attend a virtual White House meeting on Thursday to discuss the global semiconductor shortage, Reuters reported, citing people familiar with the matter. What Happened: The virtual meeting will discuss the impact of the COVID-19 Delta...

Apple Inc’s (NASDAQ: AAPL) chip supplier Taiwan Semiconductor Manufacturing Co Ltd (NYSE: TSM) is planning to build an advanced semiconductor manufacturing facility in South Taiwan, Nikkei Asia reported on Monday, citing people familiar with the matter. What Happened: The new facility is...

Ford Motor Co (NYSE: F) is reportedly offering Bronco customers a reason to cheer even when deliveries get delayed due to production challenges.  What Happened: The Dearborn, Michigan-based automaker is offering customers waiting for their Bronco deliveries freebies up to $1,000 that...

Silicon Valley is now seeing the consequences of its excessive focus on “software” over the past few decades that deemed “hardware” out of fashion in the wake of the global semiconductor shortage, Glenn O’Donnell, research director at Forrester told CNBC...

Apple Inc (NASDAQ: AAPL) is tapering down future earnings expectations as it comes face-to-face with the ongoing global semiconductors shortage. What Happened: The iPhone maker forecast double-digit growth for the current fourth quarter but said the number would be below the 36.4% growth seen in...

General Motors Co (NYSE: GM) will halt production of its profitable full-size pickup trucks next week at most U.S. and Mexican facilities due to the ongoing global shortage of semiconductor chips, CNBC reported Wednesday, citing the company. What Happened: The Detroit-based automaker will cut...

Ford Motor Co’s (NYSE: F) CEO Jim Farley said on Wednesday he expects the ongoing semiconductor shortage situation to get better sometime in 2022, without specifying a sharper timeline. What Happened: The No. 2 U.S. automaker by volume is relying on tight inventory amid strong demand to tide...

The ongoing global semiconductor shortage is boosting business opportunities for semiconductor industry intermediaries, or authorized distributors, as they are able to source parts faster, according to the WSJ report. What Happened: Services of electronic component distributors such as Avnet...

Chinese electric vehicle maker Nio Inc. (NYSE: NIO) said that the slight sequential decline in its deliveries for the month of May was not due to the ongoing global semiconductor chip shortage, cnEVpost reported Monday. What Happened: The main reason for the 5.5% decline in Nio’s May...