Search results for "chip shortage"

Russia's Invasion to Worsen the World's Chip Shortage

One of the consequences of Russia’s assault on Ukraine is placing even more pressure on an already-strained global computer chip supply.   As such, the military assault pushed Ukraine’s two leading neon suppliers, Ingas and Cryoin, to suspend operations, which will lead to a considerable disorder in global economic outcomes.   Neon is crucial to semiconductor chip […]

U.S. Commerce Department Says Chip Shortage to Escalate

In September 2021, the U.S. Department of Commerce (DOC) issued a Request for Information (RFI) to collect data concerning the intensively heightened chip shortage following the Covid-19 pandemic. In its findings, the DOC revealed that it is expecting the chip shortage to last another six months, well into mid-2022. The RFI’s report evidenced that the […]

U.S.-Taiwan meeting covers semiconductor chip shortage, China coercion

Taiwan’s Economy Minister Wang Mei-Hua revealed on Tuesday that the U.S. discussed with its country potential plans to address the semiconductor chip shortage, in addition to finding the needed approaches to counter China’s economic “coercion.” During the second session of an economic dialogue initiated last year, the discussion followed a week after a virtual meeting […]

Nokia 3Q profit beats expectations despite chip shortage

Wireless and fixed-network equipment maker Nokia on Thursday reported third-quarter profit above analyst expectations on increasing sales of 5G technology and trimmed costs, but the company warned that the global shortage of semiconductors made the market outlook foggy and could hamper growth. The Espoo, Finland-based company reported net profit of 463 million euros ($537 million) […]

Apple loses $6 billion in revenue due to chip shortage crisis

The rippling effect the global chip shortage inflicted on Big Tech firms manifested into Apple’s fourth quarter (Q4) revenues, reporting in a $6 billion loss that could potentially delay manufacturing plans, according to CEO Tim Cook.   The Big Tech titan revealed Thursday its financial report for the fiscal year 2021, failing to accommodate Wall Street expectations, an outcome heavily attributed to […]

Ford, GM profits fall as sales drop due to chip shortage

The global computer chip shortage cut into third-quarter profits at both Ford and crosstown rival General Motors, with both companies having to temporarily close factories, pinching supplies on dealer lots. Ford’s net income of $1.83 billion fell 23% from a year ago, while GM’s profit dropped 40% to $2.4 billion. High prices, mainly for the […]

Intel CEO predicts chip shortage to last till 2023

It appears that the global chip shortage is here to stay, or at least till 2023. Intel’s CEO Pat Gelsinger warns of supply and demand shortage continuation till 2023 following the semiconductor manufacturer’s quarterly report highlighting a drop in 2021 revenue. “We’re in the worst of it now; every quarter next year, we’ll get incrementally […]

Smartphones’ 10.2% sale increase despite chip shortage

The smartphone industry will experience one of its best years in equipment manufacturing, despite the current global health crisis and semiconductor shortage, Gartner and IDC revealed in a new research. According to technology research firm Gartner, global smartphone production and sales reached a whopping 328.8 million in the second quarter (Q2) of the current year, […]

China-U.S. cold tech war spills over to Japan’s chip shortage

Japan’s global chip manufacturing thrown is finally usurped as it fears U.S.’s tactics of pouring billions of dollars to deflect from China’s overtake of Japan’s semiconductor industry. The time has come, after three long decades overwhelmed with success in the chip manufacturing industry, Japan’s industry ministry announced that the nation’s share of the world’s chip […]