Posts filtered by tags: Chip Shortage[x]


 

The sell-off in chip stocks on supply worries is overshadowing reasons to buy them, says Bank of America

REUTERS/Michael Buholzer Semiconductor stocks have been yanked lower recently on worries about a shortage of chips worldwide but likely annual growth in auto production and in smartphone shipments are among the reasons Bank of America said it still sees buying opportunities in the space. A shortage of chips, largely stemming from production shutdowns and business restrictions resulting from the COVID-19 pandemic, has affected a wide range of companies, including Ford Motor which has said s...
Tags: US, Trends, Markets, Bank Of America, Ford Motor, Teradyne, Ter, KLA Tencor, ASML, Carla Mozee, Tech Stocks, KLAC, Vivek Arya, Lcrx, Applied Materials, NVMI


Chip Shortage Forces Ford Into Inventory Shortage

If you want to buy a Ford, you might have to hurry. The microchip shortage could leave at least some Ford dealers short on inventory until perhaps August, according to Automotive News. One dealership in Michigan even created an emergency fund that its salespeople can draw from. “We know for sure there’s going to be three […] The post Chip Shortage Forces Ford Into Inventory Shortage appeared first on The Truth About Cars.
Tags: Sales, Industry, Ford, Autos, Michigan, Chips, New Cars, Microchips, News Blog, Chip Shortage, Chip Shortage Forces Ford, Microchip Shortage


Vehicle Miles Traveled On The Rise Again

In March, vehicle miles traveled (VMT) rebounded to pre-pandemic levels. According to the Auto Care Association, this was the first month since August 2019 that VMT topped 300 million miles. To give you some perspective, the distance between the earth and the moon is only 238,856 miles, according to Wikipedia. Last year, U.S. drivers were stuck […] The post Vehicle Miles Traveled On The Rise Again appeared first on The Truth About Cars.
Tags: Travel, Media, Wikipedia, Traffic, Production, Industry, Autos, By The Numbers, News Blog, Auto Care Association, Pandemic, Product Planning, New Car Sales, Sign of the Times, VMT, Chart Of The Day


Ford dives 10% after warning 2nd-quarter production will be halved by a chip shortage

Workers build Ford F-150 trucks. Associated Press Ford shares fell as much as 10% on Thursday as the company expects a 50% hit to second-quarter production. The company said a global shortage of semiconductors will be a potential drag on its output. Ford said a fire at a Japanese chip supplier worsened the shortage situation. See more stories on Insider's business page. Ford shares tumbled to a two-month low Thursday after the vehicle maker said a worldwide shortage in semiconductor...
Tags: Apple, Japan, Cars, Trends, Markets, Vehicles, Ford, Electric Vehicles, Tim Cook, F-150, Trucks, F, Ev, Tesla CEO Elon Musk, Associated Press Ford, Carla Mozee


Apple's Tim Cook confirms iMac and iPad production will be delayed due to the crushing global chip shortage

Apple CEO Tim Cook. Photo by Justin Sullivan/Getty Images Apple CEO Tim Cook said the chip shortage has caused the company to delay production of the iMac and iPad. The global semiconductor shortage has hit automotive and tech companies hard in recent months. Cook estimates Apple will lose $3-4 billion in revenue next quarter as a result of the shortage. See more stories on Insider's business page. Shoppers may see shortages of iMacs and iPads on the shelves in the coming months.Apple ...
Tags: Apple, Ipad, Elon Musk, Cook, News, Trends, Tim Cook, Sony, Retail, Nintendo, Dell, iMac, Alix, Justin Sullivan Getty, Luca Maestri, Maestri


Cisco's CEO says he expects computer chip shortages to last for another six months

Nvidia semiconductor manufacturing. Krystian Nawrocki/Getty Images Cisco's CEO has said the global computer chip crunch is set to last for six months. About 85% of internet traffic uses Cisco's systems, according to the BBC. The disruptions are also spreading to affect the production of domestic appliances like toasters. See more stories on Insider's business page. Cisco's chief executive Chuck Robbins said the global shortage of computer chips is expected to last for mo...
Tags: US, Trends, Tech, Cisco, Bbc, Computing, Financial Times, Robbins, Reuters, Chuck Robbins, Tech Insider, Weekend BI UK, Chip Shortage, Zahra Tayeb, Krystian Nawrocki Getty Images Cisco, BBC Supply


Chip Shortage Forcing Daimler to Stall Production

In today’s update on the semiconductor shortage, we learn that Daimler has elected to place over 18,000 Mercedes-Benz employees on reduced schedules. With an insufficient number of chips, the manufacturer cannot produce vehicles with sufficient reliability and has decided to ease off until resupplies are more predictable. Unfortunately, that’s unlikely to happen for at least […] The post Chip Shortage Forcing Daimler to Stall Production appeared first on The Truth About Cars.
Tags: Supply Chain, Industry, Autos, Automotive Industry, Chips, Mercedes Benz, Mercedes, Suppliers, Semiconductor, Daimler, Industry News, Daimler AG, News Blog, Chip Shortage, Semiconductor Shortage


Chip Shortage: Subaru Shutting Down SIA Through April

Today’s update on the global semiconductor shortage involves Subaru, which recently announced that it would be suspending production at its plant in Indiana.  Lafayette’s Subaru of Indiana Automotive (SIA) will be idled through the end of April while the automaker waits for suppliers to catch up. It’s a situation we’ve seen numerous manufacturers forced into this […] The post Chip Shortage: Subaru Shutting Down SIA Through April appeared first on The Truth About Cars.
Tags: Supply Chain, Indiana, Autos, Sia, Chips, Suppliers, Semiconductor, Subaru, News Blog, Subaru Of Indiana Automotive, Subaru of Indiana Automotive SIA, Chip Shortage, Semiconductor Shortage, Indiana Lafayette


You'll Probably Have to Put Your Next PC Build on Hold as the Chip Shortage Continues Unabated

It’s the worst time to try and pick out the parts for your next PC build. Actually, it’s the worst time to try to buy anything that involves a graphics card or processor. Major component manufacturers, including Nvidia, TSMC, and Intel, have confirmed the global chip shortage is unlikely to let up for...awhile.Read more...
Tags: Apple, Ipad, Science, California, Intel, Companies, Nvidia, Amd, Biden, TSMC, Qualcomm, Video Cards, Advanced Micro Devices, Business Finance, Integrated Circuits, Nvidia TSMC


Buckle in: Intel CEO says the chip shortage won’t recover until beyond 2022

Intel CEO Pat Gelsinger said it will take a couple of years for the semiconductor industry to build back, even with billions in investments.
Tags: News, Trends, Intel, Computing, Semiconductor, Pat Gelsinger, Chip Shortage


Rubber Shortages Become Latest Problem for Auto Industry

Those of you tracking the semiconductor shortage can probably take it easy for a while, as practically every industry group on the planet has tentatively agreed we’ll be seeing a chip deficit for a few years. Meanwhile, market analysts are trying to predict the next material we won’t have enough of and rubber is looking […] The post Rubber Shortages Become Latest Problem for Auto Industry appeared first on The Truth About Cars.
Tags: Supply Chain, Trade, Autos, Automotive Industry, Suppliers, Rubber, Industry News, Semiconductors, Latex, News Blog, Trade War Watch, Natural Rubber, Supply Chain Issues, Chip Shortage, Component Shortages, Material Shortages


Wealthy homeowners are dropping nearly $40,000 on luxury stoves that won't arrive for months. It's a symptom of a broader appliance shortage hampering homeowners and industry insiders alike.

juanmonino/Getty Images Wealthy homeowners are dropping nearly $40,000 on luxury stoves that have a three-month wait time. It's a symptom of a broader appliance shortage that began last spring. The shortage is due to surging demand, pandemic-related supply chain issues, and a chip shortage. See more stories on Insider's business page. Many wealthy homeowners have spent the pandemic renovating their multimillion-dollar homes, and it's led to skyrocketing demand for appliances ...
Tags: China, US, Trends, Paris, The Times, Retail, Dishwasher, Appliances, Ai, Louisiana, Times, Whirlpool, Shortages, Reuters, Washing Machines, Wolf


Ford Skipping Summer Shutdowns

Ford will be ignoring the typical two-week summer shutdown this year as a way to make up for production downtime caused by the semiconductor shortage. That’s undoubtedly going to complicate some vacation plans. But Blue Oval has already given loads of workers time off and has more downtime planned through April and now that the […] The post Ford Skipping Summer Shutdowns appeared first on The Truth About Cars.
Tags: Supply Chain, Ford, Autos, Vacation, Suppliers, Semiconductor, Industry News, Ford Motor Co, UAW, Blue Oval, News Blog, Union News, Summer Shutdown, Factory News, Chip Shortage, Part Shortage


Blackberry slips after 4th-quarter earnings miss forecasts amid global chip shortage

FILE PHOTO: File photo of Blackberry sign seen in front of their offices on the day of their annual general meeting for shareholders in Waterloo Reuters Shares of Blackberry slipped 9% Wednesday after the company reported fourth-quarter revenues that missed expectations. Blackberry reported earnings per share that tumbled 66% year-over-year to $0.03. The company said that demand for its QNX car software has been slow to recover due to the scarcity of the required chip component. Sign up ...
Tags: Asia, Trends, Markets, Reddit, Trading, Blackberry, Volkswagen, Stock Market, Ford Motor, Gamestop, Semiconductors, John Chen, West This, Isabelle Lee, BlackBerry stock price, Chip Shortage


Foxconn, Apple's biggest supplier, is the latest company to be impacted by the global shortage of microchips

Visitors are seen at a Foxconn booth at the World Intelligence Congress in Tianjin Reuters Foxconn's chairman warned the company is starting to see the impact of the chip shortage. The Apple supplier says it expects to ship 10% fewer products due to the lack of chips. The company's chairman also provided more details on its electric car plans. See more stories on Insider's business page. Foxconn, one of Apple's biggest suppliers, warned Tuesday that the company expects a 10...
Tags: Apple, Texas, News, Mexico, US, Samsung, Trends, Bloomberg, Retail, Wisconsin, North America, Hewlett Packard, Foxconn, Liu, Google Microsoft, Tech Insider


Stellantis to delay production of its Ram 1500 Classic pickup trucks due to global chip shortage

SOPA Images / Contributor Production at Stellantis assembly plants in Michigan and Mexico will be impacted, the statement said. The pandemic caused a disruption in the supply chain of semiconductor chips used in cars and electronics. The computer chips make up around 40% of a new car's cost, according to a report by Deloitte. See more stories on Insider's business page. Stellantis will delay the production of its Ram 1500 Classic pickup trucks due to the global chip shortage.The c...
Tags: Transportation, News, Mexico, Trends, General Motors, Bloomberg, Vehicles, Ford, Michigan, Deloitte, North America, Volvo, Fiat Chrysler, Reuters, Carlos Tavares, PSA Group


Nio falls as Chinese EV maker says chip shortage will dent second-quarter production

This photo taken on January 9, 2021 shows the NIO ET7, the flagship sedan for the Chinese electric car manufacturer, during its launch ceremony in Chengdu, in China's southwest Sichuan province. (Photo by STR / AFP) / China OUT (Photo by STR/AFP via Getty Images) (Photo by STR / AFP) / China OUT (Photo by STR/AFP via Getty Images) Nio stock fell by nearly 10% Tuesday after the electric car maker said it expects to produce 7,500 units per month in the second quarter.  Nio said it had be...
Tags: Auto, Electric Vehicle, China, Cars, Trends, Markets, Ford, Chips, Semiconductor, Sichuan, Chengdu, Fiat Chrysler, Nyse, Ev, Li, Jac


How Many Vehicles Will the Chip Shortage Really Cost Us?

While the global semiconductor shortage is often reported as this out-of-nowhere surprise that has totally rattled smartphone and automotive manufacturers, 2020 was rich with signals that trouble was afoot. Global lockdowns forced factories to shut down, creating a lapse in demand in damn-near everything. By the time lines started firing back up, supply chains had […] The post How Many Vehicles Will the Chip Shortage Really Cost Us? appeared first on The Truth About Cars.
Tags: Autos, Automotive Industry, Semiconductor, Industry News, News Blog, Part Shortages, Chip Shortage, Production Shortfall


White House Presses Taiwan On Semiconductor Shortage

Automakers around the globe have been issuing warnings for weeks that the semiconductor shortage will eventually result in fewer cars and leaner profitability reports. But the absent chips are affecting just about every industry producing modern connected devices, creating fears that electronic prices could skyrocket as availability dwindles. Lockdowns effectively crippled semiconductor supply lines right as demand […] The post White House Presses Taiwan On Semiconductor Shortage appeared first ...
Tags: Technology, Washington, Government, White House, China, Taiwan, Industry, Trade, Autos, Biden, Taipei, Semiconductor, World Trade, Industry News, News Blog, Trade War Watch


Here are some of the car models most likely to be in shorter supply due to the global chip shortage

New Chevys for sale fill the lot at Raymond Chevrolet in Antioch, Illinois, July 17, 2014. John Gress/Corbis/Getty Images Car dealerships are already reflecting the slowdown in manufacturing due to the global chip shortage. Shoppers may see higher prices and lower availability of certain car models. Car companies began halting production in January and expect to lose billions this year. Visit the Business section of Insider for more stories. A global shortage of computer chips has caused s...
Tags: Transportation, Japan, News, Mexico, Cars, Trends, General Motors, Bloomberg, Ford, Gm, Chrysler, Toyota, Bmw, Volkswagen, Dodge, Honda


Industry leaders urge Biden to take action as a critical shortage of computer chips could cost automakers billions

President Joe Biden delivers remarks in the State Dining Room at the White House on February 5, 2021. Stefani Reynolds-Pool/Getty Images A shortage of semiconductor chips could cost car companies as much as $61 billion this year.  Production has already been delayed at some Toyota, Nissan, Volkswagen and Ford plants. A group of executives at US chip companies urged Biden to prioritize funding for semiconductor manufacturing and research. Visit the Business section of Insider for more stori...
Tags: Apple, Transportation, Japan, News, Congress, Abc, Mexico, White House, Cars, US, Trends, Bloomberg, Joe Biden, Ford, Chrysler, Sia


Pass the Chips: VW Group Demands More Semiconductors for Europe

Residual complications from COVID-19 lockdowns and overdependency on Central Asian suppliers have left most of the automotive industry fretting over where they’ll be sourcing their semiconductor chips in 2021. What started as an issue forcing a handful of manufacturers to rejigger their assembly schedules has evolved into a worldwide problem. This week, practically every automaker […] The post Pass the Chips: VW Group Demands More Semiconductors for Europe appeared first on The Truth About Cars.
Tags: Europe, Industry, Vw, Autos, Automotive Industry, Supply, Volkswagen, Suppliers, Semiconductor, Industry News, Demand, VW Group, News Blog, COVID, Supply Chain Issues, Chip Shortage


Chip Shortage Expands, GM Forced to Idle Factories

While the Great Semiconductor Shortage of 2021 probably isn’t going to the defining historical topic of the modern era, it’s presently doing a number on the automotive industry. Volkswagen Group, Ford, Mazda, Nissan, Subaru Corp., Toyota, and Stellantis have all reported the need to scale back production this year. On Wednesday, General Motors said that it […] The post Chip Shortage Expands, GM Forced to Idle Factories appeared first on The Truth About Cars.
Tags: Technology, General Motors, Industry, Gm, Autos, Automotive Industry, Supply, Suppliers, Semiconductor, Industry News, Demand, Volvo Cars, News Blog, Supply Chain Issues, Stellantis, Chip Shortage


A critical shortage of computer chips could cost automakers billions this year - now a group of Senators wants the White House to step in

FILE PHOTO: VW re-starts Europe's largest car factory after coronavirus shutdown Reuters A shortage of semiconductor chips could cost car companies as much as $61 billion this year.  Production has already been delayed at some Toyota, Nissan, Volkswagen, Ford, and Fiat Chrysler plants. A group of lawmakers has urged the Biden administration to step in and help.  Visit the Business section of Insider for more stories. Several senators have called for the White House to combat a global c...
Tags: Apple, Transportation, Europe, Japan, News, Abc, Mexico, White House, Cars, US, Trends, Bloomberg, Vw, Ford, Chrysler, Toyota


A global computer chip shortage could mean $61 billion in lost sales for automakers like Toyota and Nissan

FILE PHOTO: VW re-starts Europe's largest car factory after coronavirus shutdown Reuters A global shortage of semiconductor chips could cause car companies to lose as much as $61 billion in revenue, Bloomberg reports. Production of several car models has already been delayed at some Toyota, Nissan, Volkswagen, Ford, and Fiat Chrysler plants. The supply chain disruption comes when the industry was just beginning to recover from COVID-19 lockdowns. Visit Business Insider's homepage for m...
Tags: Apple, Transportation, Europe, Japan, News, Abc, Mexico, Cars, US, Trends, Bloomberg, Vw, Ford, Chrysler, Toyota, Volkswagen