TOKYO—Toyota Motor’s production for the April-June quarter fell around 10 percent short of its initial plan, but the automaker struck a more optimistic note for its business from August onwards as China’s COVID-19 lockdowns eased and demand outside Japan was resilient. The world’s largest automaker by sales said on Thursday that output and sales were…
Computer Chips Face Toilet Paper Hoarding Moment as Shortage Turns to Glut
July 13, 2022
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Business & Marketschip shortagesCompaniescovid lockdowneconomic policieseconomyEuropeinflationMarketsMedia & Big TechRussia-Ukraine WarWorld
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OAKLAND, Calif.—A supply chain crisis triggered by the global pandemic deprived makers of PCs and smartphones to cars of computer chips needed to make their products. All that suddenly changed over three weeks from late May to June, as high inflation, China’s latest COVID lockdown, and the war in Ukraine dampened consumer spending, especially on…
Honda to Slash Production by 50 Percent at Domestic Plant in Early May
TOKYO—Honda Motor Co. is planning to cut production by about 50 percent on two lines of one of its domestic factories in early May due to chip shortages and COVID-19 lockdowns, the company said on Thursday. The factory in the city of Suzuka will also slash its production by half for the month of April,…
BMW Joins Other Carmakers in Ukraine Crisis Output Warning
March 17, 2022
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BMWBusiness & Economychip shortagesCompanieseconomic policieseconomyEuropeInternationalinvasionMarketsRussia-Ukraine WarUkraine crisisWorld
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BERLIN—BMW cut its car division’s 2022 profit margin forecast on Wednesday, the latest automaker to warn of problems from ongoing chip shortages and new supply chain disruptions as a result of Russia’s invasion of Ukraine. It now expects an earnings before interest and taxation (EBIT) margin of 7–9 percent for its car business rather than…
TSMC: The World’s Most Sought After Company
New Analysis The electronic chip shortage crisis has disrupted supply chain security and industrial activities worldwide. Amid a global semiconductor race, Taiwan Semiconductor Manufacturing Company (TSMC), the world’s top chipmaker, has become the company that is most invited to set up factories in many advanced economies. Since 2020, the semiconductor shortage has led to the…
Ford, GM Warn Dealers Who Charge More Than Suggested Retail Price
February 9, 2022
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Business & EconomyBusinesses in COVID-19chip shortagesCompaniesF-150Ford Motor Conew car pricesUSUS News
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Ford and General Motors (GM) recently warned car dealerships to stop the practice of price gouging beyond the manufacturer’s suggested retail price (MSRP), with consequences including losing access to new vehicle models. Andrew Frick, Ford’s vice president of sales in U.S. and Canada, sent a letter to dealerships on Jan. 7 noting that some customers…
Semiconductor Chip Industry Will Reach $1 Trillion in a Decade Despite Shortages
January 31, 2022
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Business & EconomyBusinesses in COVID-19chip shortagescommoditiesInternationalMarketsmicrochip plantsemiconductor chipsWorld
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The semiconductor industry is registering impressive numbers for 2021 and 2022, even as global shortages persist, and the scarcity points to the significance and critical importance of chips for numerous end products from cars to appliances and phones. Combined sales from the industry crossed $500 billion last year, and in 2022, is expected to reach…
Chip Shortages and Supply Chain Woes Will Last Through 2022, Business Figures Say
A chip shortage that is disrupting auto production and the technology industry is expected to continue until the end of 2022, according to ARM Holdings, a leading semiconductor designer based in Cambridge, England. Industries hit the most due to shortages include consumer electronics, switch consoles, and especially, the automobile sector. Based on one estimate, manufacturers…
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