SEOUL—South Korea’s Hyundai Motor Co forecast on Tuesday its vehicle production would rebound in the first half of this year as a global chip shortage is expected to ease gradually from the second quarter. “The normalization of auto chip supply and demand is expected in the third quarter, when the capacity of semiconductor companies is…
Hyundai Motor Expects Vehicle Production to Rebound in H1 as Chip Supply Improves
Europe Kept Waiting as Intel Commits to New US Chip Factories
BERLIN/STOCKHOLM—Intel still intends to develop European chip manufacturing capacity despite the delayed plans being overshadowed by its announcement on Friday of a more than $20 billion investment in two new U.S. semiconductor plants. The company said in September it could invest as much as $95 billion in Europe over the next decade and announce the…
Japan Machinery Orders Rise More Than Expected, Government Welcomes Pick-Up Signs
TOKYO—Japan’s core machinery orders rose for a second straight month in November, government data showed on Monday, a sign that corporate appetite for capital spending remained resilient despite pressure from soaring raw material prices. The gain in core orders, a key indicator of capital expenditure, could be a relief to policymakers hoping for corporate investment…
TSMC Sees Multi-Year Growth Ahead, to Boost Chip Spending in 2022
TAIPEI—Taiwanese chip firm TSMC expects strong growth to accelerate in coming years due to booming semiconductor demand, as the tech giant on Thursday reported a record quarterly profit and said it plans to spend at least a third more than last year. Soaring demand for semiconductors used in smartphones, laptops, and other gadgets during the…
Huawei’s Chipmaker Suffers Production Stoppage and Cuts Due to Successive US Sanctions
News Analysis Huawei, after being plagued by U.S. sanctions for two and a half years, has seen its chipmaker also in distress—not only has its high-end chip production has been halted, but also shipments of its mobile application processors (AP) have shrunk. Shipments for Huawei chipmaker HiSilicon’s smartphone APs declined 96 percent in the third…
Volvo Cars December Sales Drop as Chip Shortage Persists
STOCKHOLM—Volvo Car Group’s sales fell 18.1 percent in December pressured by the lingering global component shortage, the Sweden-based automaker said on Wednesday. Volvo, which has been heavily impacted by sector-wide supply-chain constraints and semiconductor shortages, warned in November that the chip shortage would continue into 2022. Global sales at the firm fell to 64,436 cars…
Hyundai, Kia Expect Auto Sales Jump in 2022 Amid Chip Shortage
SEOUL—South Korea’s Hyundai Motor Co. and affiliate Kia Corp. on Monday forecast that their combined global sales will jump 12.1 percent in 2022, even as last year’s sales fell short of target due to a global chip shortage. The companies sold 6.67 million vehicles in 2021, about 3.7 percent less than their combined target of…
Qualcomm Launches Premium Android Phone Chip
Qualcomm Inc. launched its new top-tier smartphone chip aimed at premium-priced Android phones. The chip involves features like sharper photos and graphics than handsets using chips from rivals. The Snapdragon 8 Gen 1 chip will have similar computing cores to rivals like MediaTek Inc., which recently announced a chip aimed at premium phones, Reuters reports….
US Commerce Chief to Make Pitch for Chips Funding in Michigan
November 29, 2021
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Business & EconomyBusinesses in COVID-19chipCompanieseconomic policieseconomyGina RaimondoLocal NewsMichiganRegional-Local NewsTechTech NewsUSUS News
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WASHINGTON—U.S. Commerce Secretary Gina Raimondo will on Monday make a pitch in Michigan for Congress to approve $52 billion to expand U.S. semiconductor manufacturing even as it continues to review data on the chips market from companies around the world. Raimondo is visiting a United Auto Workers local hall and meeting with Michigan politicians, officials…
Taiwan Looking at Chip Cooperation With Eastern European Nations
November 25, 2021
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Asia & PacificBusiness & EconomyBusinesses in COVID-19ChinaChina Business & EconomyChinese RegimechipCompanieseconomic policieseconomyEUEuropeInvestmentTaiwanTechTech NewsWorld
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TAIPEI—Taiwan is looking at cooperating with three Eastern European countries on semiconductors, a minister said on Thursday, a move likely to find favour in Brussels which has been courting Taiwanese semiconductor firms to manufacture in the bloc. Tech powerhouse Taiwan, home to companies such as Taiwan Semiconductor Manufacturing Co. Ltd (TSMC), has become front and…
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