News Analysis From the beginning of his reign, Xi Jinping has been preaching China’s need to end U.S. world dominance, create Chinese independence, and rewrite the global social order. The Chinese Communist Party (CCP) ascribes names to the various plans and initiatives that it hopes will culminate in Chinese global domination, including “Made in China…
Made in China 2025: Another CCP Dream Dashed
September 29, 2021
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AnalysisChinaChina Business & EconomyGlobal ExpansionMade in China 2025OpinionsemiconductorSpecial TopicsTech GiantsThinking About China
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EU Backs US Tech Trade Declaration After French Concerns
BRUSSELS—European Union governments committed to a joint EU—U.S. declaration on technology cooperation on Wednesday, just in time for a key transatlantic meeting, after France threatened to block it unless it was watered down, EU diplomats said. Senior U.S. and European Union officials aim to discuss semiconductor shortages, artificial intelligence, and tech competition issues at the…
Semiconductor Shortages to Cost Auto Industry $210 Billion in Revenue This Year
The U.S. auto industry is expected to lose $210 billion in revenue this year, according to the latest forecast by the global consulting firm AlixPartners, which projects a “multitude of extraordinary disruptions” in the industry. The industry is facing a loss of 7.7 million units of vehicle production, double the loss of a May forecast…
Elon Musk Expects Chip Shortage to Be Short-Lived as Production Capacity Expands
Tesla chief executive Elon Musk said Friday that he sees an end to the semiconductor supply shortage in relatively short order thanks to new chip plants being planned and already under construction. “There’s a lot of chip fabrication plants that are being built,” Musk said via video uplink at an Italian Tech Week event. “I think…
Chip Shortage to Cost Automakers $210 Billion in Sales: Analysis
The global semiconductor shortage will lead to 7.7 million fewer vehicles produced in 2021, costing automakers billions in lost sales, according to consulting firm AlixPartners. The forecast, released Sept. 23, estimates that the shortage will cost the auto industry globally $210 billion in lost revenues in 2021, up sharply from the May projections of $110…
GM Chief Sees Chip Supplies Stabilizing but Below ‘Volume That We Really Need’
General Motors President Mark Reuss said Tuesday that he expects the global supply of semiconductors to stabilize but at lower levels than automakers need to rebuild their inventories. Reuss made the remarks at a conference hosted by the Detroit Regional Chamber in Michigan on Sept. 21, where he discussed GM’s plans for battery-powered car and…
China’s Biggest Chipmaker Unable to Acquire Advanced Chipmaking Equipment and Technology
September 18, 2021
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Business & EconomyChinaChina Business & EconomychipmakerCompaniessemiconductortechnologyU.S. blacklist
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Amid global chip shortages, China’s largest chipmaker—facing a U.S. blacklist—struggles to acquire advanced chipmaking equipment and technology, and to meet the high global demand, it is rapidly expanding existing production lines but cutting its R&D investment and personnel. On Sept. 3, Semiconductor Manufacturing International Corp. (SMIC) announced that Zhou Zixue, the company’s chairman, resigned citing personal…
Intel to Invest up to 80 Billion Euros in Boosting EU Chip Capacity: CEO
Intel Corp. on Tuesday said it could invest as much as 80 billion euros in Europe over the next decade to boost the region’s chip capacity and will open up its semiconductor plant in Ireland for automakers. Intel CEO Pat Gelsinger, speaking at Munich’s IAA auto show, also said the company would announce the locations…
Chinese Acquisition of Semiconductor Firm Poses Security Risks, US Treasury Warns
August 31, 2021
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Asia & PacificBusiness & EconomyCFIUSChinaCompaniesNational SecuritysemiconductorTechTech NewstechnologyU.S. TreasuryUSUS NewsUS-China relationsWorld
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The U.S. Treasury Department said the sale of Magnachip Semiconductor Corp. to a Chinese private equity firm poses “risks to national security,” as Chinese investments in critical technologies meet with enhanced U.S. scrutiny. Magnachip, a South Korean producer for display and power chips, sold its controlling stake in late March to Chinese private equity firm…
Toyota to Cut Production by Up to 60 Percent Due to Parts Shortage
August 19, 2021
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Asia & PacificBusiness & Economychip shortageCompanieseconomyInternationalsemiconductorTechToyotaUSUS NewsWorld
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A pandemic-driven parts crunch is forcing Toyota to cut production by 40 percent in assembly plants in Japan and by as much as 60 percent in North America. Japan’s top automaker said in an Aug. 19 factory operation notice that it would be slashing production by around 40 percent across 14 plants in Japan, while a…
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