The transaction price for a new vehicle has increased more than 14 percent on average over the last year, according to a report by a prominent automotive research company, which said that the record price hike was mostly due to supply constraints and luxury vehicle sales. “New-vehicle average transaction prices (ATPs) increased further into record…
Stellantis and Foxconn Announce Partnership for New Line of Automotive Semiconductor Chips
Auto giant Stellantis and Foxconn, the world’s largest electronics manufacturer, announced on Dec. 7 that they will partner to develop and supply a new line of automotive semiconductor chips for the auto industry. Supplies of critical semiconductor chips had been a problem for the auto industry, which led automakers to temporarily close factories. It is hoped…
Driving Our Cars: A Blend of the Mundane and the Magnificent
Commentary It’s easy to forget how relatively recent the widespread use of automobiles is. The aunt and uncle who raised me were born when there were fewer than 200 miles of paved roads in the entire country. They lived through the revolutionary transformation that the automobile wrought, ushering in a new era of mobility and…
Chinese Companies Stockpile Chips for Autos, Exacerbating Global Chip Shortage
April 14, 2021
admin
automobile chipsBusinessChinaChina Business & Economychip shortageInternationalMarketsU.S. sanctionsWorld
0 Comment
A global shortage of automotive chips has become critical this year, with almost all major automakers experiencing varying degrees of production cutbacks or short-term shutdowns resulting from a shortage caused by Chinese companies stockpiling chips. Although Taiwan Semiconductor Manufacturing (TSMC), the world’s largest producer of chips, has activated its “super hot runs” queueing mode of…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`