Rivian says it has enough cash on hand to achieve profitability, as it faces pressure from shareholders and customers over delays, shortages, rising costs
News chip shortage
China’s SMIC Warns Of Plummeting Smartphone, PC Demand
Chip maker SMIC blames Russia's war in Ukraine and Covid lockdowns in China, as demand for smartphones, PCs drops “like a rock”
Chip Shortage Sees BMW Deliver Cars Without Android Auto, Apple...
No chips equals no music. BMW confirms some models have been shipped to customers without Android Auto, Apple CarPlay due to chip shortage
Sony Plans To Sell 18 Million PlayStation 5 Consoles This Year
Sony believes it can sell 18 million PlayStation 5 consoles for financial year ending in March 2023 – but depends on component supply from China
German Government Touts $14.7bn State Aid For Chip Factories
Minister in German government says the country wants to attract chip makers with 14 billion euros ($14.71 billion) in support
Apple Profits Surge, As Firm Warns Of Trouble Ahead
No interruption for the Apple gravy train, as it shrugged off supply chain troubles. However it forecasted bigger problems ahead
Chip Shortage To Last Into 2023, Warns BMW CEO
No end in sight this year for the global chip shortage, warns CEO of BMW Oliver Zipse, with car industry only seeing improvements in 2023
Spain Plans $12.4bn Chip Sector Investment
Prime Minister Pedro Sanchez says Spain will spend 11 billion euros to boost the country's semiconductor and microchip industry
US Senate Approves $52 Billion US Chips Act
One step closer? Senate approves $52 billion in US subsidies to encourage semiconductor manufacturing in the United States
Elon Musk Opens Tesla Gigafactory In Germany
Tesla and Elon Musk have officially opened its third factory near Berlin, with first deliveries of its Model Y being made on Tuesday
Leading Semiconductor Physicist Killed In Ukraine Fighting
Leading semiconductor physicist Vasyl Kladko dies amidst Russian incursion in Kyiv area, as science agency warns institutes under military attack
BMW Blames Russian Invasion, As It Lowers Profit Forecast
German carmaker BMW warns of ongoing chip shortages and new supply chain disruptions caused by Russian's invasion of Ukraine
Intel Confirms ‘Mega Factory’ In Germany
Chip giant Intel says it will initially invest 33 billion euros in EU, including 17bn euros for a 'semiconductor fab mega-site in Germany'
Toyota To Cut Production By As Much As 20 Percent
Ongoing chip shortages forces Japanese car giant Toyota to cut its Q2 domestic production target by as much as 20 percent
Chip Shortage Fears Raised, After Ukraine Halts Neon Production
Two of the leading suppliers of neon in Ukraine have halted neon production, raising concern about the impact on worldwide chip production
Rivian Sued By Shareholder, Alleging Misleading IPO Data
Shareholder alleges Rivian misled investors about pricing of SUV models - prices for which were increased, then quickly rolled back after customer backlash
Chip Sales ‘Hit Record $555.9bn’ Last Year
Semiconductor sales hit record $555.9 billion in 2021, with volumes surpassing 1 trillion units for first time since 2018, says SIA
EC Proposes Easing State Aid Rules To Encourage Chip Factories
European Commission officially proposes easing state aid rulings to help countries offer financial incentives for the building of chip factories
Apple Shrugs Off Chip Shortage With Record Revenues
Tech giant surpasses Wall Street predictions, as revenues grow 11 percent despite Omicron variant and ongoing global chip shortage
US Commerce Dept Warns Of Severe Chip Shortages
Some manufacturers have less than 5 days supply of computer chips, putting US manufacturing at shutdown risk, warns federal agency
US Legislation To Boost Chip Funding Set For House
US House of Representatives set to introduce bill on tech funding and domestic chip manufacturing, as EU advances own plan for local semiconductor plants
Intel Says Ohio Site Could Become World’s Biggest Chip Plant
Intel chooses Ohio site for manufacturing investment that could grow to $100bn over ten years, but ties scale and speed to US subsidies
EU Chief Confirms Chip Law Proposal For Early February
Chip shortage solution? European Commission boss says the European Chips Act legislation will be proposed in early February
Chip Shortage To Continue Hurting UK Car Market In 2022
Car sales will continue to hurt in 2022 due to the ongoing chip shortage that has badly dented vehicle supply in the past couple of years
India’s $10 Billion Plan To Attract Chip Makers
India approves $10 billion incentive plan to attract chip and display makers, as Intel announces $7.1 billion investment in Malaysia
US Considers Extending Ban On Key Exports To China’s SMIC...
More pain for Chinese chipmaker. Officials in the United States are considering closing regulatory loopholes used by China's SMIC
Apple iPhone 13 Production Down 20 Percent – Report
Supply chain crisis. Production of Apple's flagship iPhones fell 20 percent from previous plans, in lead up to busy Christmas period
Foxconn Sees Supply-Chain Woes Continuing Through Next Year
Foxconn, biggest assembler of Apple's iPhones, expects revenue decline for end-of-year quarter as component shortages continue
Nintendo Lowers Sales Forecast On Chip Supply Issues
Nintendo lowers full-year sales forecast for Switch gaming console as it becomes latest company hit by disruption in semiconductor industry
Apple Reduces iPad Production To Bolster iPhone Manufacturing
Chip shortage triggers sharp reduction in production of Apple iPads, in order to free up chips and components for iPhone 13 portfolio