The chairman of Swedish-Swiss engineering giant ABB is expecting the global semiconductor shortage to ease soon, but believes diversifying the chip supply chain is “very important” as China–Taiwan tensions remain a “risk.” The semiconductor shortage was “really an issue” last year, specifically the first two to three quarters, Chairman Peter Voser said in an interview…

German vehicle manufacturer Volkswagen has said it does not anticipate chip shortages ending in 2023 and is instead gearing up for a “new normal” of supply-chain disruptions. Murat Aksel, head of procurement on the Volkswagen board, gave the bleak outlook in an interview with the German weekly Automobilwoche. Aksel said that while the situation has improved…

Following U.S. House Speaker Nancy Pelosi’s visit to Taiwan in early August, the Chinese Communist Party (CCP) threatened to normalize military exercises in the Taiwan Strait. But this action could disrupt China’s own critical supply chain. China is the biggest consumer of semiconductor chips in the world, but its production rate is less than 20…

TOKYO—Toyota Motor Corp’s profit slumped a worse-than-expected 42 percent in its first quarter as the Japanese automaker was squeezed between supply constraints and rising costs. Operating profit for the three months ended June 30 sank to 578.66 billion yen ($4.3 billion) from 997.4 billion yen in the same period a year ago, Toyota said on…

The ongoing global semiconductor chip shortage that has plagued the auto industry has forced some carmakers to cut back on safety features in vehicles, according to reports. The chip shortage, caused by increased demand during the COVID-19 pandemic amid closures and disruptions along with supply chain issues, has been further worsened by skyrocketing inflation, leaving automakers in…

The head of chipmaker Intel says a shortage of advanced equipment to make semiconductors could hold up global expansion plans. CEO Pat Gelsinger said Monday that there have been “quite significant extensions” in delivery times for chipmaking gear for new chip factories, known as “fabs,” that the company plans to build in the U.S. and…

After predicting the global chip shortage would last until 2023, Intel Corporation CEO Pat Gelsinger is now suggesting the shortage could last until at least 2024. Gelsinger thinks that the industry can meet the demand for new products being built on new lines, not just existing ones; hence, the chip shortage will stretch into 2024. Talking about Intel’s…

Ford Motor Company confirmed late on Thursday it will halt production next week at its Flat Rock plant where it assembles the Mustang because of a shortage of semiconductor chips. The No. 2 U.S. automaker had previously said it had planned to idle the plant for two days this week. Automotive News reported the production…

BERLIN—Volkswagen does not expect the global shortage of semiconductors to end this year although it should further ease slightly in the second half, a board member was quoted as saying by industry magazine Automobilwoche. “The volatile situation will affect us at least beyond the first half of this year,” Murat Aksel, the head of procurement…

China’s chip supply will remain tight this year, and the automotive chip supply shortfall will widen to 20 percent. The regime’s own experts have revealed that the key reason for China’s chip shortage is not the pandemic, but China’s outdated chip technology and U.S. sanctions against the Chinese Communist Party (CCP). Luo Junjie, a spokesman…