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Cover Story: How a Perfect Storm Created a Global Chip Shortage


Cover Story: How a Perfect Storm Created a Global Chip Shortage
Globally, automakers cut production by nearly 1 million vehicles during the first quarter for lack of chips
A chip shortage that has squeezed global automakers since late last year offered a snapshot of how the Covid-19 pandemic and geopolitical uncertainties have distorted supply chains in the highly globalized semiconductor industry.
The question is: Will it lead to a reshaping of the industry’s global landscape?
It’s a multibillion-dollar question involving massive investment flows and potentially sweeping economic and geopolitical consequences. As technology has advanced, semiconductors have come to dominate not only the auto industry but also almost every part of consumer goods manufacturing as the tiny electronic devices supply the brains for products ranging from computers to mobile phones to toothbrushes. ....

United States , Kao Hsiung , Hua Hong , New Mexico , South Korea , Morris Chang , Jimmy Goodrich , Chan Wei , Wei Shaojun , Feng Jinfeng , Bob Simison , Meng Pu , Goldman Sachs , Huawei Technologies Co , Taiwan Semiconductor Manufacturing Co , China Association Of Automobile Manufactures , Changan Automobile Group , Tsinghua University , Volkswagen Automotive Co , Xiaomi Corp , Semiconductor Industry Association , Semiconductor Manufacturing International Corp , Hua Hong Semiconductor Ltd , Shanghai Integrated Circuit Industry Association , Korea Samsung Electronics , Boston Consulting Group ,

China policy and markets round-up: China population growth slows, April credit data disappoints, PPI inflation surges


By Addison Gong
14 May 2021
In this round-up, China records the lowest population growth in decades, the pace of credit expansion moderates, and a surge in the country’s factory gate prices adds to global inflation concerns.
China’s population hit 1.412bn last year, up from 1.4bn in 2019 and an increase of 72.06m from 2010, according to the National Bureau of Statistics (NBS). The average annual growth rate was 0.53% for the past decade, slower than the 0.57% recorded for the 2000-2010 period. Those aged 60 or above made up 18.7% of the population, which was 5.44 percentage points higher compared to 2010. The male to female ratio was 51.24 to 48.76. ....

Chang Jian , Donald Trump , Wei Yao , Woei Chen , Gao Jianping , Xiaomi Hong Kong , Zhou Yingke , National Bureau Of Statistics , China Securities Co , Industrial Bank , People Bank , China Association Of Automobile , China Telecom Corp , China International Capital Corp , Insurance Regulatory Commission , China Telecom , Department Of Defense Do , Securities Regulatory Bureau , Xiaomi Corp , China Construction Bank , Mizuho Bank , Administration Commission , Chinese Communist Party , Shanghai Stock Exchange , Council Assets Supervision , Ministry Of Commerce Mofcom ,

The week in review: CSRC adds ESG to listed company annual report disclosures, telecom giants lose delisting appeal


By Addison Gong
10 May 2021
In this round-up, the China Securities Regulatory Commission plans to ask companies to include separate chapters for corporate governance as well as environmental and social responsibilities in their annual financial reports, and three Chinese telecommunications companies will be dropped from the New York Stock Exchange after an unsuccessful appeal.
China’s foreign exchange reserves jumped by $28.2bn in April to $3.198tr, according to the State Administration of Foreign Exchange (Safe).

The country recorded a current account surplus of Rmb487.1bn for the first quarter of 2021, or $75.1bn in dollar terms, Safe data showed.

In April, foreign investors increased their holding of onshore Chinese bonds by Rmb64.87bn to Rmb3.22tr, according to data released by the China Central Depository & Clearing Co on Monday. ....

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