iPhone manufacturer Foxconn raises financial projections for second half of year as lockdowns ease in China and supply chain stability improves
TECHNOLOGY POWERING BUSINESS
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Shanghai Plans To Ease Lockdown Amidst Supply Chain Disruption
Shanghai plans gradual easing of restrictions beginning this week, as weeks of Covid-19 restrictions disrupt worldwide supply chains
Tesla ‘Halts Most Production’ At Shanghai Plant
After three-week closure due to Covid-19 restrictions, production at Tesla Shanghai plant reportedly slows to crawl due to supply chain disruption
Volkswagen Inks Joint Ventures For China EV Battery Supplies
Volkswagen to establish joint ventures with China's Huayou Cobalt and Tsingshan Group for nickel and cobalt as raw material prices soar
Apple Suppliers Hit By Fresh China Covid-19 Restrictions
Dozens of tech manufacturers in China's Shenzhen, including Apple supplier Foxconn, forced to shut down as coronavirus cases rise
Tesla, SpaceX Face ‘Significant’ Inflation Pressure, Musk Says
Elon Musk says electric carmaker Tesla and rocket company SpaceX both face 'significant' inflationary pressures amidst Ukraine conflict
Chip Makers Ease Disruption Concerns After Russian Invasion
Despite Ukraine being a key material supplier needed for chipmaking, manufacturers seek to ease worries of semiconductor disruption
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
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
Foxconn’s India Factory Restarts Production After Protests
Production restarted at troubled Foxconn factory in southern India, three weeks after closing following protests over sick workers
Intel Removes All References To Xinjiang After Public Apology
American chip giant Intel accused of cowardice by US senator, after public apology and removal of Xinjiang references in supplier letter
Apple Places Indian Foxconn Factory On Probation
After unrest and protests following mass food poisoning incident of workers, Apple places Foxconn factory in India on probation
Intel Provokes Fury In China Over Supplier Letter
Chip giant Intel apologises after backlash in mainland China, over supplier letter warning them not to source products or labour from Xinjiang region
Rivian Shares Hit Record Low On 2021 Production Cuts
Rivian shares slump to record low following November IPO after it cuts production target for 2021 and highlights supply-chain challenges
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
300 Spar Stores Impacted After Cyberattack On Supplier
Family run firm in Preston, Lancashire suffers cyberattack, which impacts tills and IT systems for 300 Spar convenience stores
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
Labour Party Member Data Compromised After Breach
'Cyber incident' for the UK's Labour Party sees 'significant quantity' of membership data, held by unidentified third party, being compromised
Chip Shortage Could See Renault Confirm More Production Cuts
French car maker Renault expects to produce 300,000 to 400,000 less vehicles this year, as chip shortages continues to hammer the sector
Connected Business: The Post-COVID Supply Chain
With supply chains being massively disrupted as the pandemic took hold, what does a post-pandemic supply chain look like? How can businesses transform their partnerships to create new supply chain relationships that use technology to k ...
Tech Giants, Car Makers Set For White House Meeting Over Chip Shortage
Big names within the tech and car industry are to virtually attend a White House meeting to discuss the ongoing chip shortage
TSMC Warns Of Gas Contamination At Key Chip Factory
Key plant of TSMC that is supplying Apple with its processors, is hit with a contamination of gases used in the chipmaking process
Kaseya Denies Paying REvil Hackers For Decryption Tool
Kaseya refused to negotiate with REvil ransomware gang, and has strongly denied paying a ransom in order to obtain decryptor tool
TSMC Founder Warns Semiconductor Plans Could Fail
Plans by US, EU and others to bring semiconductor production into their own countries could result in a costly, unworkable system, says TSMC's Cheng
Republican National Committee Denies Russian Hackers Stole Data
Cozy Bear or APT29 hackers reportedly breached Republican computers, but Republican party denies its data has been compromised
Kaseya Hackers Demand $70 Million Ransom
Number of organisations affected by damaging Kaseya ransomware attack grows from just 50, to roughly 1,500 businesses globally
President Biden Orders Investigation Into Kaseya Ransomware Attack
Ransomware attack on hundreds of American businesses over 4 July weekend prompts US investigation of possible Russian involvement
Apple Details Carbon Neutral Progress, Announces Energy Storage Project
New energy storage project for Apple, as it aims to achieve totally carbon neutral supply chain and products by 2030 deadline
Japanese Plant Fire Adds To Carmakers’ Chip Supply Woes
Major fire at Renesas semiconductor facility in Japan shuts down production for a month, adding to car chip supply shortages
President Biden Targets Silicon Shortage With Executive Order
Chip shortage targetted by US executive order that will review supply chains for four critical products experiencing shortages