IF you order a new top-of-the-line sedan in Europe or North America these days, you might find there is a long waiting time unless it’s a less popular model. The sudden car shortage has nothing to do with the spread of the South African or Brazilian strain of the coronavirus. The reason why automakers are not making enough cars and some plants of General Motors, Daimler, Ford, Toyota and Nissan are now idle is an acute shortage of semiconductors, which power functions from brakes to emission controls. “Electrification of vehicles is increasing the content of power chips 10-fold in every car,” notes Pierre Ferragu, an analyst at New Street Research in New York.
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(Reuters) - Activist hedge fund Third Point LLC is pushing Intel Corp to explore strategic alternatives, including whether it should keep chip design and production under one roof, according to a letter it sent to the company’s chairman on Tuesday that was reviewed by Reuters.
FILE PHOTO: U.S. chipmaker Intel Corp s logo is seen on their smart building in Petah Tikva, near Tel Aviv, Israel December 15, 2019. REUTERS/Amir Cohen
Were it to gain traction, Third Point’s push for changes could lead to a major shakeup at Intel, which has been slow to respond to investor calls to outsource more of its manufacturing capacity. It could also lead to the unwinding of some of its acquisitions, such as the $16.7 billion purchase of programmable chip maker Altera in 2015.
6 Min Read
(Reuters) - Activist hedge fund Third Point LLC is pushing Intel Corp to explore strategic alternatives, including whether it should keep chip design and production under one roof, according to a letter it sent to the company’s chairman on Tuesday that was reviewed by Reuters.
FILE PHOTO: U.S. chipmaker Intel Corp s logo is seen on their smart building in Petah Tikva, near Tel Aviv, Israel December 15, 2019. REUTERS/Amir Cohen
Were it to gain traction, Third Point’s push for changes could lead to a major shakeup at Intel, which has been slow to respond to investor calls to outsource more of its manufacturing capacity. It could also lead to the unwinding of some of its acquisitions, such as the $16.7 billion purchase of programmable chip maker Altera in 2015.
SEOUL (dpa-AFX) - South Korea's Samsung Electronics Co Ltd (SMSN.L, SSNNF.OB, SSNLF.OB) Friday said it expects fourth-quarter consolidated operating profit, based on K-IFRS, of approximately
Hedge fund Third Point urges Intel to explore deal options hindustantimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hindustantimes.com Daily Mail and Mail on Sunday newspapers.