WASHINGTON—The global semiconductor shortage during the pandemic has intensified the battle for technological dominance between the world’s two largest economies. Supply chain shocks and growing tensions with China are forcing the U.S. government to enter the subsidy war to protect American leadership in semiconductors and future technologies. Microchips smaller than postal stamps are the brains…
Fake Chips Flood China Market and Fill Overseas Supply Chains
Counterfeit products have been circulated in China’s electronics market for a long time. However, as the global chip shortage intensifies, a large amount of refurbished, substandard fake chips are flood the market, exposing major deficiencies in China’s quality control standards. China Economic Observer reported a chip agent revealed that to meet the growing demand, suppliers…
China’s Auto Industry Stagnates Due to Chip Shortage
The world is currently experiencing computer chip shortages and China is no exception. China’s lagging semiconductor manufacturing business has become a long-term barrier for its auto industry. China held its Automotive Industry Summit, the “2021 China Automotive Forum,” in Shanghai from June 17 to 19. The forum focused heavily on how to solve the chip…
Ford to Shut Some North American Plants for Few Weeks on Chip Shortage
Ford Motor Co said on Wednesday several of its North American factories will be shut for a few weeks in July and August due to a global shortage of semiconductors. The supply crunch would cost it $2.5 billion this year and halve vehicle production in the second quarter, the Dearborn, Michigan-based company had said in…
Merkel Bemoans Lack of EU Expertise in Chips, Batteries
BERLIN—German Chancellor Angela Merkel expressed concern on Wednesday that Europe cannot make the semiconductor chips and batteries it needs to compete for the production of cars as well as the development of smart appliances. Merkel told a summit on the future of innovation in Germany that Europe risked falling behind in areas like quantum computing,…
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…
Biden Pledges to Invest ‘Aggressively’ in Semiconductors Amid Global Chip Shortage
WASHINGTON—President Joe Biden called for a significant investment to revitalize American chip manufacturing to counter China’s threat to “dominate the semiconductor supply chain.” In an effort to address an ongoing global chip shortage and strengthen the domestic semiconductor industry, the White House hosted a virtual summit with business leaders on April 12. “This is an…
Biden Pledges to Invest ‘Aggressively’ in Semiconductors Amid Global Shortage
WASHINGTON—President Joe Biden called for a significant investment to revitalize U.S. chip manufacturing to counter China’s threat to “dominate the semiconductor supply chain.” In an effort to address an ongoing global chip shortage and strengthen the domestic semiconductor industry, the White House hosted a virtual summit with business leaders on April 12. “This is an…
GM, Ford Cutting More North American Production Due to Chip Shortage
WASHINGTON—General Motors Co (GM) and Ford Motor Co both said on Thursday they will cut more vehicle production due to a semiconductor chip shortage that has roiled the global automotive industry. The White House plans a summit on the chip shortage issue next Monday that is expected to include GM Chief Executive Mary Barra and…
Tesla Shares Surge After Company Posts Record Deliveries
Tesla Inc. was set to add about $50 billion to its market value as the electric car-maker’s shares surged on Monday, after it posted record deliveries on strong demand in China that helped it offset the impact of a global shortage in auto parts. The stock jumped nearly 8 percent in pre-market trading and it…
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`