China’s chip supply will remain tight this year, and the automotive chip supply shortfall will widen to 20 percent, the country’s car manufacturing trade group said. The regime’s own experts have revealed that the key reason for China’s chip shortage is not the pandemic, but China’s outdated chip technology and U.S. sanctions against the Chinese…
China’s Automotive Chip Supply Shortfall Will Reach 20 Percent Due to US Sanctions, Outdated Technology: Trade Group
Texas Gov. Abbott Declares State Will Be ‘Home of Semiconductor Manufacturing’ Amid Global Chip Shortage
December 7, 2021
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Gov. Greg Abbott on Sunday touted Texas for its innovation amid the global chip shortage crisis that is impacting the production of automobiles and consumer electronics, declaring that his state will be the “home of semiconductor manufacturing going forward.” In an interview on Fox News’ “Sunday Morning Futures,” the Republican governor touched upon the chip crisis, which is estimated to cost…
Japanese Car Production Plunges Amid Supply Chain Disruptions
November 8, 2021
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Amid the global chip shortage, Japan’s eight largest automakers’ September domestic output stood at 398,075, falling 49.7 percent compared to the same period last year, the sharpest production decline since the 61.8 percent drop in May last year, according to Chinese state media. Among them, Toyota and Honda dropped more than 55 percent. TSMC’s Japanese…
Nintendo Can’t Fulfil Switch Holiday Demand, Cuts Forecast on Chip Shortage
TOKYO—Nintendo Co. Ltd. on Thursday cut its full year Switch sales forecast by 6 percent and said it is struggling to meet demand in the key year-end shopping season as chip shortages disrupt production of the hit device. While many companies have warned of the risks posed by the global semiconductor shortage, most have stopped short…
Detroit’s Auto Production Slump Biggest Soft Spot in Weak GDP Number
The chip shortage-driven auto production slump was the single biggest factor depressing U.S. economic output in the third quarter, shaving over 2 percentage points off the gross domestic production (GDP) number, which disappointed with its below-expectations print. The U.S. economy expanded at an annualized pace of 2.0 percent in the third quarter, the Commerce Department’s…
Chip-makers Said They Will Meet Chip Data Request Amid Global Supply Crisis: Commerce Dept.
Companies including Intel, GM, Infineon, and SK Hynix have signaled they will cooperate with a voluntary request for data on the global chips crisis, the U.S. Department of Commerce said on Thursday. The Department noted that while the data request is currently voluntary, it may make it compulsory depending on the number and quality of responses. The…
Bipartisan Group of Lawmakers Urge Leadership to Immediately Advance Legislation on Semiconductor Shortage
October 22, 2021
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A bipartisan group of over 30 lawmakers on Thursday sent a letter to House Speaker Nancy Pelosi (D-Calif.) and Minority Leader Kevin McCarthy (R-Calif.) warning them of the “dire consequences” the automotive industry faces if they fail to swiftly advance legislation that would provide $52 billion in funding for semiconductor chips, including $2 billion set aside for chips…
Is Tesla on Track to Deliver Apple-Like Gross Margins Amid China Demand Rebound? Bulls Munster and Ives React to Q3 Earnings
Tesla Inc.’s impressive third-quarter earnings and revenue beat despite the impact of chip shortage indicates a robust electric vehicle trajectory for the Elon Musk-led company in the current quarter and beyond, according to analysts from Loup Ventures and Wedbush Securities. Tesla Analysts Wedbush analyst Daniel Ives has maintained an Outperform rating and a price target…
Samsung Expanding US Chip Manufacturing
October 8, 2021
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To help avert the global shortage of semiconductor chips, South Korea’s Samsung Electronics Co, Ltd is considering expanding its manufacturing operations in the southwest of the United States. The leading yet unconfirmed location for this new plant, contingent on subsidies and access to electricity and water, is the city of Taylor in Williamson County, Texas. South…
Global Semiconductor Chip Shortage Could See ‘Painful Period’ Extend Into 2022: Marvell CEO
October 4, 2021
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The global semiconductor chip shortage that is impacting the production of automobiles and consumer electronics will last until 2022 and possibly beyond, according to the CEO of semiconductor company Marvell Technology. “Right now, every single end market for semiconductors is up simultaneously; I’ve been in this industry 27 years, I’ve never seen that happen,” Marvell CEO…
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