chip shortage

Business, Technology, Equipment

VW Raises Full-Year Outlook, Warns of Growing Chip Shortage

New Volkswagen ID.4 electric SUVs. (Liesa Johannssen-Koppitz/Bloomberg News) New Volkswagen ID.4 electric SUVs. (Liesa Johannssen-Koppitz/Bloomberg News)

Volkswagen AG raised its earnings outlook after a strong start to the year, while cautioning that the semiconductor shortage rippling through the industry will become more pronounced in the second quarter.

May 6, 2021
Business, Technology, Equipment

Stellantis CFO: Chip Shortage Impact Remains ‘Controlled’

Stellantis Marco Alpozzi/LaPresse via Associated Press, File

MILAN — The Stellantis automotive company created out of the merger of Fiat Chrysler Automobiles and PSA Peugeot reported May 5 a 14% increase in first-quarter revenues, despite a drop in production due to the semiconductor shortage.

Colleen Barry | Associated Press
May 5, 2021
Government, Business, Technology, Equipment

Raimondo Calls for Surge in Chip Production

Commerce Secretary Gina Raimondo speaks during a Senate Appropriations Committee hearing. Raimondo speaks at a Senate hearing in April. (Chip Somodevilla/Getty Images via Bloomberg News)

Commerce Secretary Gina Raimondo called for a major increase in U.S. production capacity for computer chips whose current shortages are causing global manufacturing bottlenecks, saying the push could create jobs and wean the nation off over-dependence on China and Taiwan.

Eric Martin | Bloomberg News
May 4, 2021
Business, Technology, Equipment, Logistics

Volvo Group Sees More Risk From ‘Unstable’ Chip Supply Chain

A Mack Anthem sits parked. Mack Trucks is a division of Volvo Group. (Volvo Group) A Mack Anthem sits parked. Mack Trucks is a division of Volvo Group. (Volvo Group)

Volvo Group said it may see further disruption from the semiconductor shortage that has forced the truck maker to idle plants, potentially hobbling a recovery that has seen orders more than double.

Niclas Rolander | Bloomberg News
April 22, 2021
Government, Business, Technology

US Faces Security Crisis on Chips, Raimondo Says

Commerce Secretary Gina Raimondo speaks during a Senate Appropriations Committee hearing. Commerce Secretary Gina Raimondo speaks during a Senate Appropriations Committee hearing April 20. (Chip Somodevilla/Getty Images via Bloomberg News)

The U.S. faces a national security “crisis” due to its lack of semiconductor production, Commerce Secretary Gina Raimondo told senators in a hearing on President Joe Biden’s infrastructure plan.

Jack Fitzpatrick | Bloomberg News
April 20, 2021
Government, Business, Logistics

Republicans Seek Broader Curbs on Exports of Chip Tools to China

A wafer is processed in a semiconductor manufacturing facility in Malta, N.Y. (Adam Glanzman/Bloomberg News) A wafer is processed in a semiconductor manufacturing facility in Malta, N.Y. (Adam Glanzman/Bloomberg News)

Two Republican lawmakers called for broader American restrictions on the sale of chip-making tools after the U.S. government placed several Chinese supercomputing firms on an export blacklist, saying even tougher rules are needed to prevent the People’s Liberation Army from using sensitive technologies.

Scott Lanman | Bloomberg News
April 15, 2021
Government, Business, Technology, Logistics

Biden Reassures Chip Summit of Bipartisan Support for New Funds

President Joe Biden leads the CEO Summit on Semiconductor and Supply Chain Resilience President Joe Biden leads the virtual CEO Summit on Semiconductor and Supply Chain Resilience in the Roosevelt Room of the White House Monday. (Patrick Semansky/Associated Press)

President Joe Biden told companies vying with each other for a sharply constrained global supply of semiconductors that he has bipartisan support for government funding to address a shortage that has idled automakers worldwide.

April 12, 2021
Business, Technology, Equipment

Chip Shortage Forces More Production Cuts by GM, Ford

GM assembly plant Midsized pickup trucks and full-size vans are parked outside a General Motors assembly plant where they are produced, March 24, in Wentzville, Mo. (Jeff Roberson/AP)

DETROIT — The global shortage of semiconductors has forced General Motors and Ford to further cut production at their North American factories as chip supplies seem to be growing tighter.

April 9, 2021
Business, Technology

Automakers Want Aid for Car-Grade US Chip Production

Chip Shortage Vehicle frames sit on an assembly line at the Ford Motor Co. Chicago Assembly Plant. (Daniel Acker/Bloomberg News)

Automakers want a portion of the money Congress approved for addressing the global semiconductor shortage to be reserved for vehicle-grade chips — warning of a potential 1.3 million shortfall in car and light-duty truck production in the U.S. this year.

Keith Laing | Bloomberg News
April 6, 2021
Business, Technology, Equipment, TCA

GM to Halt Midsize Truck Production on Chip Woes

A General Motors Wentzville Assembly employee at work A General Motors Wentzville Assembly employee works on a midsize truck. (Melissa Vaeth for General Motors)

DETROIT — General Motors Co. is halting production for two weeks at its Missouri midsize truck plant due to a global semiconductor supply constraint, the automaker said March 24.

Kalea Hall | The Detroit News
March 24, 2021

Pages