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FILE PHOTO: VMware CEO Pat Gelsinger poses in an undated photo. Courtesy VMware/Handout via REUTERS/File Photo
(Reuters) - Intel Corp Chief Executive Officer Pat Gelsinger will virtually attend a meeting being put together by President Joe Biden’s administration for April 12 to discuss the semiconductor supply chain issues disrupting U.S. automotive factories, according to a person familiar with the matter.
Reuters previously reported the meeting will include Biden’s national security adviser, Jake Sullivan, and a top economic aide, Brian Deese, as well as chipmakers and automakers.
Gelsinger last month said Intel will spend $20 billion to build two new chip factories in Arizona.
South Korea said on Wednesday it will exempt business people working to secure supply of auto chips from two-week COVID-19 quarantine requirements and prioritise the vaccination of people key to auto chip procurement.
South Korea's Hyundai Motor Co said on Tuesday it would suspend production at its Ulsan No.1 plant in South Korea from April 7-14 because of a shortage of semiconductor chips and supply issues with electrical components.
By Reuters Staff
(Adds GM’s sales figure, background)
April 1 (Reuters) - Canadian auto sales rose in the first quarter, signaling a recovery from a pandemic-driven slump a year earlier, despite a severe shortage of semiconductor chips that has plagued the industry globally.
Pent-up demand and customers preferring to buy vehicles seeking more safety during the COVID-19 health crisis have lifted auto sales but semiconductor chip crunch has cost the global auto industry 130,000 vehicles in lost production, research firm AutoForecast Solutions estimates.
Fiat Chrysler Canada said on Thursday first-quarter sales rose 4% to 46,077 vehicles, driven by demand for Jeep and Ram pickup trucks. Sales at the carmaker’s Chrysler brand were up nearly three-fold to 2,360 units compared to the prior year.
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VANCOUVER (Reuters) - A branch of arguments in Huawei Chief Financial Officer Meng Wanzhou’s bid to stop her extradition to the United States from Canada ended on Thursday with a prosecutor saying her lawyers had an “impoverished” view of the facts over their assertion U.S. authorities violated international law.
FILE PHOTO: Huawei Technologies Chief Financial Officer Meng Wanzhou leaves her home to attend a court hearing in Vancouver, British Columbia, Canada March 29, 2021. REUTERS/Jennifer Gauthier
Meng, 49, was arrested at Vancouver International Airport in December 2018 on a U.S. warrant for bank fraud. She is accused of misleading HSBC about Huawei’s business dealings in Iran, putting the bank at risk of violating U.S. sanctions.