A major high-tech industry center in China is ramping up testing after the Omicron variant of Covid-19 was detected. Tightened restrictions halted production in plants run by international companies like Bosch and Taiwan’s chipmaker UMC, putting further strain on supply chains. Suzhou, a trading and industrial hub in the eastern province of Jiangsu, has reported…
Major Chinese Industrial City Steps Up COVID Control; Chip Plants Affected
Semiconductor Plants Halted as Major Chinese Industrial City Steps Up COVID Control
A major high-tech industry center in China is ramping up testing after the Omicron variant of Covid-19 was detected. Tightened restrictions halted production in plants run by international companies like Bosch and Taiwan’s chipmaker UMC, putting further strain on supply chains. Suzhou, a trading and industrial hub in the eastern province of Jiangsu, has reported…
Ford Suspends or Cuts Output at Plants Due to Chip Shortage
February 14, 2022
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DETROIT—Ford Motor Co. said on Monday it will continue idling some of its assembly plants in the week of Feb. 14 due to the global semiconductor shortage. The U.S. automaker will idle production at its Ohio Assembly Plant as well as the production line for the Transit van at its Kansas City Assembly Plant, spokeswoman…
Nissan Raises Profit Outlook but Sees Chip Limit to Growth
February 9, 2022
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TOKYO—Nissan Motor Co on Tuesday raised its full-year profit outlook as it squeezed out more profit per vehicle but said that access to scarce semiconductors would be the key driver of future earnings growth. Like other big global carmakers, Nissan has been forced to cut vehicle output, even amid robust demand in key markets such…
Japan’s SoftBank Drops Sale of Arm, Plans IPO
TOKYO—SoftBank’s planned sale of the British semiconductor and software design company Arm to U.S. chip maker Nvidia has fallen through, but the Japanese technology investor immediately turned bullish on taking it public. SoftBank Group Corp. said Tuesday it plans an initial public offering of Arm after the intended sale to Nvidia failed due to regulatory…
Nvidia Terminates Planned $40 Billion Acquisition of UK Chip Designer Arm Due to ‘Significant Regulatory Challenges’
Nvidia’s planned acquisition of the UK-based chip designer Arm from SoftBank has collapsed due to “significant regulatory challenges,” the companies said in a joint release Tuesday. The cash-and-stock deal was originally announced in 2020 and had a value at the time of $40 billion. It planned to bring together Nvidia’s AI computing platform with Arm’s vast…
Porsche Expects Another Record Year for Sales Despite Chip Shortage: Automobilwoche
February 7, 2022
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BERLIN—Luxury carmaker Porsche AG expects another record year for sales despite the global semiconductor chip shortage, its sales chief was quoted as saying by industry magazine Automobilwoche. “When I look at the current orders, I’m confident for 2022. Growth in sales could reach a similarly high level this year as in 2021,” Detlev von Platen…
EU Aims to Invest Billions Euros in Chip Push, EU’s Breton Says
BRUSSELS—The European Union aims to invest tens of billions of euros to bolster its chip industry and double its share of global production to 20 percent, the bloc’s industry chief said on Friday, after a global shortage showed the risks of relying on Asian and U.S. suppliers. The EU’s ambitious plan comes after the United…
US-China Ties Growing More Adversarial Due To ‘Much More Aggressive’ Beijing, Blinken Says
US Secretary of State Antony Blinken on Jan. 24 said he sees increasingly “adversarial” aspects of the United States relationship with the Chinese regime. The change is largely because the Chinese regime has become “much more assertive, much more aggressive, whether it’s in the region or beyond, by a variety of means,” Blinken said during…
Toshiba Says Has Restarted Some Chip Production at Quake-Hit Plant
TOKYO—Toshiba Corp. on Wednesday said it had partially restarted production at a semiconductor plant in Oita, southern Japan, that was halted after a strong earthquake hit the area at the weekend. One of the two production lines at the factory was restarted on Wednesday, Toshiba Electronic Devices & Storage Corp. said in a statement. It…
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