Automakers and electronic makers are facing a global shortage of chips as consumer demand has been bouncing back from the coronavirus pandemic, causing manufacturing delays., , ford, toyota, nissan, FCA, Vehicle Production, manufacturing
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Synopsis
The drama began when Chiang Shang-yi, a former high-ranking SMIC employee who had left three years ago to lead a new chip startup, returned to the company at the invitation of the board to become vice-chairman. That led to the abrupt resignation of Liang Mong Song, one of SMIC’s two co-CEOs, who found himself No. 3 in the pecking order.
Yang GeOne was a fatherly mentor figure, the other a brash wunderkind.This tale of two industry veterans, whose clash at the top of Semiconductor Manufacturing International Corp. (SMIC) made headlines earlier this month, could well summarize the difficult situation China’s leading microchip-maker faces as it stands at a crossroads in its brief history.Founded just 20 years ago, SMIC had once hoped to become one of the world’s leading
Investment banking fees in Asia soared to an all-time high in 2020, coming in more than a fifth above 2019 s record tally and belying concerns earlier in the year about the impact of the Covid-19 pandemic on dealmaking activity.
Overall investment banking fees in Asia Pacific ex-Japan totalled US$28.44bn, comfortably ahead of the previous year s US$23.13bn record, Refinitiv data show.
Indeed, the three strongest quarters on record all occurred last year, peaking at US$9.11bn during the third quarter before dipping slightly to US$6.97bn in Q4, although this was still better than the earlier record of US$6.68bn set in Q2.
By Reuters Staff
4 Min Read
TOKYO/DETROIT (Reuters) - Ford Motor Co, Toyota Motor Corp 7203.T, Fiat Chrysler Automobiles and Nissan Motor Co Ltd said on Friday they would cut vehicle production this month due to a shortage of semiconductors, becoming the latest automakers hit by a chip crunch as demand rebounds from the coronavirus crisis.
FILE PHOTO: A Nissan car dealership is pictured in Northwich, following the outbreak of the coronavirus disease (COVID-19), Northwich, Britain, May 30, 2020. REUTERS/Jason Cairnduff
Honda Motor Co also said Friday its output in Japan could be affected by a shortage of semiconductors.
Automakers and electronic makers are facing a global shortage of chips as consumer demand has been bouncing back from the coronavirus pandemic, causing manufacturing delays.
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