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Gotten smaller. margins on each car sold have gotten smaller. let s stay with the car sector gotten smaller. let s stay with the car sector because - gotten smaller. let s stay with the car sector because jaguarl the car sector because jaguar land rover are investing $90 billion to ramp up its production. the investment will be made over a quarter of five years in the plan includes churning the hail would plant to the uk into in all electric manufacturing facility. the british luxury car maker is also planning for a new all electric range rover that will be due in 2025. jaguar land is owned by india s company. now to the tech sector because major chip maker asm l has reported its first quarter earnings and posted a three fold jump in net profit and beating analyst expectations. taiwan also do to report its quarterly earnings today and we will be watching to see if there are any signs of recovery there. after enjoying a boom during the covid i9 lockdown period, semiconductor companie ....
Joining me now is or asia nusiness correspondent mariko oi. we now have the numbers, talk us through them. figs we now have the numbers, talk us through them. us through them. as you said, some of the us through them. as you said, some of the numbers - us through them. as you said, some of the numbers came i us through them. as you said, some of the numbers came in| some of the numbers came in slightly better than what analysts had been expecting but still, the global chip shortage we kept talking about and its impact on the car sector, it is really starting to impact toyota as well because if you remember, the japanese carmaker was relatively well prepared, especially at the beginning of last year when its rivals were facing the cheap shortages because toyota faced a very similar problem back in 2011, just after the tsunami. it reviewed its supply chain and started stockpiling but as the pandemic has dragged on, the stocks are now running low and as you said, in the most recent qu ....
Just since october but earlier this year. there s no question we have seen impacts as it relates to getting goods and supplies out to the american public. we have also taken steps to address what we see as shortages and issues in the semiconductor. and competitiveness legislation the president would love to sign into law, we know one of the big pressures is, of course, from the car and manufacturing sector, the car sector, and then third, we know that because of the pressures on the energy sector that that has been an area where we have continued to see have an impact on inflationary pressure. we believe in the last few months because of president putin s invasion of ukraine. as i noted, a number of steps working to address that. go ahead in the yellow. thank you. well, there is [inaudible] ....
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