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In preparation for a potential reduction in domestic supply due to the expected El Niño weather event, the Philippines will not enforce a prohibition on rice imports this year. The possible upcoming strong El Niño, according to the nation’s Department of…
Marmite, the unique British food spread revered for its savory umami flavor, has reportedly disappeared from the shelves of Singapore’s major supermarket chains and retail outlets. This comes as a surprise to the local populace who have grown to love the…
Just because we don’t constantly hear about it as much anymore doesn’t mean that the global chip shortage has ended; when it comes to chips, the world isn’t all of a sudden “in the chips,” according to Intel CEO Pat Gelsinger who spoke Friday on CNBC’s…
A shortage of semiconductors is likely to remain a problem for the auto industry into 2023, German carmaker BMW’s Chief Executive Oliver Zipse said in an interview with newspaper Neue Zuercher Zeitung (NZZ) published on Monday. “We are still in the height of…
Semiconductor chip supply is unlikely to be enough to completely satisfy demand again until 2024, Volkswagen Chief Financial Officer (CFO) Arno Antlitz said in an interview with German daily Boersen-Zeitung on Saturday. He said that although bottlenecks would…
Czech passenger car production fell by 11.4% year-on-year to 92,657 vehicles in January, posting its lowest result for that month since 2010 as the chip shortage continued to weigh, the Czech Automotive Industry Association (AutoSAP) said on its website on…
German chipmaker Infineon expects the global semi-conductor shortage to remain well into 2022, it said as it posted a 10% rise in fourth-quarter revenue on soaring demand for chips used in everything from cars to home appliances. Shares of the company rose 2%…
Samsung had a record third-quarter revenue as it reported the U.S. Dollar equivalent of $63.1 billion for the period. That works out to a 10% increase for the top line while operating profit for the quarter came to $13.5 billion (or 26% higher than the…
Counterpoint Researc has lowered its estimate of global smartphone deliveries this year. Shipments of the device were originally forecast to hit 1.45 billion units in 2021 for a 9% annual gain, but thanks to the chip shortage Counterpoint has cut its estimate…
Tesla’s Shanghai factory is expected to produce 300,000 cars in the first nine months of the year, capped by a delivery rush in the end of the July-September quarter, despite a global semiconductor shortage, two sources said. The factory makes the electric…
Tesla temporarily halted some operations at its Shanghai factory last month as the global shortage of semiconductors hit the electric car maker, Bloomberg News reported on Thursday, citing people familiar with the matter. Part of a production line at the…
Chinese electric vehicle (EV) maker Nio Inc on Wednesday cut its delivery forecast for the third quarter this year due to uncertain and volatile semiconductor supplies. Nio cut its delivery forecast for the third quarter to around 22,500 to 23,500 vehicles…
India’s top carmaker Maruti Suzuki said on Tuesday that the global chip shortage will hurt production at its plants in the states of Haryana and Gujarat in September. Total production volume across both locations could be around 40% of normal output, it said…
As many of you know, we are in the middle of a chip shortage that has been impacting automobile and consumer electronic manufacturers. Intel CEO Pat Gelsinger sees the shortage continuing throughout the remainder of this year, bottoming out during the second…
It was earlier this week when Hyundai Motor suspended production at its Asan plant because of a chip shortage. The South Korean carmaker has announced that it will again halt production at its Sonata-producing plant for two days next week due to an electric…
Vietnamese businesses are once again struggling to get containers to export their goods amid a global imbalance in the logistics sector. Bui Thi Ngoc Tuyen, deputy director of Bich Chi Food Company in the southern province of Dong Thap, said as empty…
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