A global crisis in microchip supply was hitting the automotive industry "hard and strong," Stellantis CEO said on Wednesday, and carmakers would have to completely rethink semiconductor supply chains.
By Reuters Staff
2 Min Read
PARIS, May 6 (Reuters) - French defence and technology group Thales posted higher than expected first-quarter revenues and orders as it returned to growth in the wake of the coronavirus crisis.
The French group said quarterly revenues rose 1.9% on a like-for-like basis to 3.917 billion euros ($4.70 billion), led by demand for military radars and cybersecurity and offsetting lower civil aerospace activity heavily impacted by the pandemic.
The intake of new orders jumped 31% to 3.416 billion euros on the back of French Rafale sales to Greece and France, for which Thales makes radars, and a Franco-Italian air defence system, as well as a broadband satellite for Indonesia.
By Reuters Staff
2 Min Read
TAIPEI (Reuters) -Taiwan’s Foxconn said on Wednesday it has formed a joint venture with Yageo Corp to expand its presence in the semiconductor industry, as a global chip shortage rattles producers of goods from cars to electronics.
FILE PHOTO: A sign of Foxconn is seen at a glass door inside its office building in Taipei, Taiwan November 12, 2020. REUTERS/Ann Wang
The supply bottleneck has led to production cuts and warnings of supply chain disruption from manufacturers across the world this year.
Electronics manufacturing conglomerate Foxconn, which counts tech giants such as Apple among its top clients, said in a statement the two companies will set up a new firm in Taiwan called XSemi Corporation.
Shares in Italian high-tech group SECO fell on their market debut on the Milan Stock Exchange on Wednesday, a day after tech stocks in Europe recorded their worst day since late-October after trading near record highs.