WASHINGTON—General Motors Co. and Ford Motor Co. said Thursday they will cut additional production because of the nagging semiconductor shortage that has hit global auto production. GM, the largest U.S. automaker, said it will extend by two weeks a halt to Chevrolet Blazer sport utility vehicle production at its Ramos plant in Mexico because of…
GM, Ford Extend Some Production Cuts Due to Chip Shortage
October 1, 2021
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Taiwan, on Chip Information Request, Says Respects US Laws
September 30, 2021
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TAIPEI—Taiwan respects U.S. commercial law and rules but will help Taiwanese companies if they receive any “unreasonable requests”, the government said on Thursday after the United States pressed firms to provide information on the semiconductor crisis. The White House asked automakers, chip companies and others last week to provide information on the chip shortage that…
Volkswagen Cuts Working Hours at German Site Until Mid-October
FRANKFURT—Volkswagen, which is suffering from an ongoing shortage of automotive chips, will cut working hours at its main German factory in Wolfsburg until the middle of October, it said on Wednesday. The shortened working hours affect the first two weeks of October, the company said, adding that on Oct. 1 only one assembly line would…
Micron Sees Dip in Chip Demand as PC Makers Face Parts Shortages
Micron Technology Inc., forecast current-quarter revenue below analysts’ expectations and warned that shipments for its memory chips were set to dip in the near term as its customers making personal computers face shortages of other parts. Shares of the Apple Inc-supplier, which also said it was experiencing shortages within its own supply chain for some…
Taiwan’s TSMC Says Working to Overcome Global Chip Shortage
September 24, 2021
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TAIPEI—Taiwan’s TSMC said on Friday it is actively supporting and working with all stakeholders to overcome a global semiconductor shortage, after its participation at a White House meeting on the issue. “TSMC has been a strong partner in this effort, taking unprecedented actions to address this challenge,” it said in a statement. “We are confident…
Traton Hit by Supply Chain Shortages, Expects Issues Into Next Year
BERLIN—German truck maker Traton SE said on Wednesday that sales in September were particularly hard hit by a global shortage of chips and other car parts, and that the company expected the shortages to continue into next year. “Global supply chains are not only lacking chips but numerous other products … the situation is likely…
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…
Daimler Truck Boss Says Chip Supply Has Tightened Further
FRANKFURT—Daimler AG’s truck business, the world’s largest, has seen the supply of crucial chips tighten further in recent weeks, the division’s chief executive said in a Frankfurter Allgemeine Sonntagszeitung report. “Since the summer months the situation has intensified again,” Martin Daum told the weekly newspaper, adding this had affected production in Germany and the United…
Cisco Forecasts Growth From Software Shift, but Chip Prices Pressure Profits
Cisco Systems Inc. on Wednesday forecast that within four years, about half its revenue will come from software and other recurring sales, but its chief financial officer told Reuters high chip prices in its hardware business will keep pressuring overall profits. Cisco is the biggest maker of networking gear for data centers and corporate campuses,…
China Vehicle Sales Fall Amid Chip Shortages as Companies Drive up Prices
Data show China’s vehicle sales dropped 17.8 percent in August from a year earlier due to a pandemic-induced chip crisis, falling for a fourth consecutive month since May. Overall nationwide sales stood at 1.8 million vehicles in August, in figures released by the Beijing-based China Association of Automobile Manufacturers on Sept. 10. “The trend of…
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