Chip Shortage

Renesas Electronics Corp (OTC: RNECY) said on Tuesday its semiconductor plant in Japan damaged by fire on March 19 will now be fully back up by mid-June, compared with an earlier timeline of May-end.  What Happened: The chipmaker said it had completely procured the equipment damaged in the...

Tesla Inc (NASDAQ: TSLA) is exploring options to stay ahead of the ongoing global chip shortage, including making advanced payments and buying a fabricating plant, the Financial Times reported Wednesday. What Happened: The Elon Musk-led electric automaker is in talks with industry operators in...

Taiwan Semiconductor Manufacturing Co (NYSE: TSM) said the automotive industry needs to modernize its “Just-in-time” supply chain practices to avoid a similar semiconductor shortage as the ongoing one in the future, Reuters reported Friday.  What Happened: The world...

Tesla Inc (NASDAQ: TSLA) and Apple Inc (NASDAQ: AAPL) power components supplier Delta Electronics is backing Kneron, an artificial intelligence startup that develops semiconductors with a $7 million investment, reported TechCrunch Thursday. What Happened: The San Diego, California headquartered...

Taiwan Semiconductor Manufacturing Co Ltd (NYSE: TSM) expects to meet the minimum semiconductor chip requirement of its clients before the end of June, the company’s CEO Mark Liu told CBS News on Sunday.  What Happened: The Taiwan-based company, a key chip supplier for U.S. automakers...

Jim Cramer backed Ford Motor Company (NYSE: F) on Thursday even as the automaker’s shares fell over 9% in regular trading hours, CNBC reported. What Happened: Ford CEO Jim Farley has said that the semiconductor shortage will impact the bottom in the second quarter earlier on Wednesday....

Intel Corp. (NASDAQ: INTC) CEO Pat Gelsinger on Thursday warned the global semiconductor chip supply shortage could stretch two more years, The Wall Street Journal reported.  What Happened: The rising demand for semiconductors has stressed supply chains and the shortages will continue to...

Ford Motor Co (NYSE: F) is planning to prolong production halt at five of its North American manufacturing facilities indicating the ongoing global semiconductor shortage is worsening, The Wall Street Journal reported on Wednesday. What Happened: According to the report, Ford will idle...

General Motor Co’s (NYSE: GM) Spring Hill Assembly facility that makes the GMC Acadia and Cadillac XT5 and XT6 crossovers, will return to regular production on April 26, a week earlier than initially planned, and the company no longer plans to halt Chevrolet Blazer production next week...

General Motors Co (NYSE: GM) and Ford Motor Co (NYSE: F) said on Thursday they will temporarily shut down more North American factories as the ongoing semiconductor chip shortage, which has been hitting production for automakers all over from Detroit to Tokyo, worsens, The Washington Post reports....

Apple Inc’s (NASDAQ: AAPL) MacBook and iPad devices are facing production delays due to the ongoing global semiconductor chip shortage that is taking a wider toll on electronic appliances and the automotive sectors, Nikkei Asia reported on Thursday. What Happened: The report citing...

The U.S. President Joe Biden’s unveiling of the $2.3 trillion infrastructure plan aimed at rebuilding American roads, bridges, mass transit, and water infrastructure, has boosted the U.S. market’s morale heading into the second quarter of the year. . But more immediate concerns continue...

BlackBerry Ltd (NYSE: BB) braved challenges such as global chip shortage and improved the sales of its QNX car software but still missed Wall Street estimates for fourth-quarter revenue. What Happened: The Canadian company’s Q4 earnings per share fell 66.67% year-over-year to $0.03, while...

NIO Limited (NASDAQ: NIO) on Friday joined a host of automakers that have taken some hits to production from the chip supply shortage. But it now appears that Nio's travails may be short-lived. What Happened: Nio said its plant in Hefei, China, should be able to resume production at a...

Global chip shortage is severely impairing automakers, as evidenced by an announcement from Chinese EV maker NIO Limited (NYSE: NIO) Friday. What Happened: Nio is temporarily halting vehicle production activity in the JAC-NIO manufacturing plant in Hefei for working days starting March 29, the...