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Chip crunch to cost carmakers $110bn in lost revenue


The global semiconductor shortage will cost carmakers $110bn in lost revenue in 2021, according to market analysts. The news comes as South Korea s government announced a $451bn support package for the country s semiconductor industry and Taiwan Semiconductor Manufacturing Co (TSMC) reportedly exploring heavier investments into its US-based chip factories.
The automobile industry has already suffered because of the global semiconductor shortage. However, things may become worse than expected if various outlooks become true. AlixPartners previous projection estimated that car manufacturers would lose out on $61bn in revenue this year because of the chip squeeze. The consultancy has now updated its estimates, believing the industry will miss out on $110bn over the period, Reuters reported. ....

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Semiconductor woes hit Apple and even Samsung, EU responds with chip pact scheme


Samsung and Apple both expect to take a sales hit this quarter because of the ongoing global chip shortage as the crisis continues to plague the automobile industry, with BMW-owned Mini and Jaguar Land Rover the latest companies to pause production.
A perfect storm of Covid-19, severe weather, factory fires and soaring demand for silicon has resulted in an unprecedented shortage affecting multiple sectors.
As both a manufacturer and consumer of semiconductors, Samsung finds itself in the unique position of rising chip profits from silicon-hungry customers but slumping sales of its own mobile devices as it struggles to stretch its supply across its own devices and orders to its own fabrication plants. ....

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Hyundai and Kia say they are not talking to Apple about self-driving cars

Hyundai and Kia say they are not talking to Apple about self-driving cars
kvia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kvia.com Daily Mail and Mail on Sunday newspapers.

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