Chip Shortage

Chip shortage forces General Motors to idle North American plants

General Motors will temporarily shut down eight of its 15 North American assembly plants for a week starting Monday because of a worsening global microchip shortage, according to ABC News.

Chinese Acquisition of Semiconductor Firm Poses Security Risks, US Treasury Warns

The U.S. Treasury Department said the sale of Magnachip Semiconductor Corp. to a Chinese private equity firm poses “risks to national security,” as Chinese investments in critical technologies meet with enhanced U.S. scrutiny.

High Inflation Could Be Stickier Than Anticipated

Companies raise prices in response to higher labor costs, fanning inflation further

Tesla’s Chinese Rival Nio Suspends Production on Chip Shortage

Chinese electric vehicle maker Nio became the latest carmaker to temporarily suspend production on Friday as a result of a global semiconductor chip shortage that has led to major losses.

Latest news

- Advertisement -spot_img