Chip shortages in the auto industry may remain in the first half of the year, with semiconductor makers having few immediate solutions other than raising prices, according to experts.
Netherlands-based chipmaker NXP and Japan s Renesas Electronics said they were seeking to increase prices in the wake of the shortage and as raw material costs climbed.
Swiss rival STMicroelectronics is also considering a similar move, the Financial Times quoted a person familiar with the matter as saying.
Taiwan Semiconductor Manufacturing, the world s largest contract chipmaker, said it will prioritise the production of auto chips if it is able to further increase capacity, but added that its current production capacity is full.
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Six trends shaping the industries and sectors we cover in 2021
1 Feb, 2021 Author Soon Chen Kang
Tesla Inc. enjoyed a breakout 2020 in China on the back of record sales and the rollout of locally produced electric vehicles, but the company faces a stiffer challenge in the country in 2021 from rivals including Volkswagen AG.
The California-based electric-car maker delivered 499,550 vehicles worldwide in 2020, slightly behind its target of 500,000 units. It does not break out sales by market but data from the China Passenger Car Association shows that it accounted for about 11.6% of the new energy vehicle, or NEV, market, with sales reaching 135,404 in 2020. The association expects Tesla s China sales to reach 280,000 in 2021, while Tesla has said it expects to achieve 50% average annual growth in deliveries over a multiyear horizon.
In Depth: Rush to Expand China’s Oil Refining Capacity Raises Specter of Supply Glut
Heavy machinery pumps oil from an oilfield on Nov. 27 in Daqing, Northeast China’s Heilongjiang province.
China’s oil refining capacity is growing rapidly, with projects involving tens of millions of tons of annual capacity scheduled to come online in the next few years, even as global giants cut back due to sluggish demand.
This raises the prospect that the country’s refining industry could follow in the footsteps of other sectors, such as the steel industry, that have long grappled with the problem of oversupply and seen restrictions on new projects come into force.
Tesla will scale up the annual production capacity of its Shanghai gigafactory this year from 250,000 vehicles to 450,000, as locally-made sedans and crossovers are gaining popularity in China and overseas, the electric carmaker from the United States said on Thursday.
Tesla raising capacity of gigafactory in Shanghai--China Economic Net en.ce.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.ce.cn Daily Mail and Mail on Sunday newspapers.