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.
Synopsis
Amazon has partnered Foxconn’s Cloud Network Technology to begin producing Fire TV sticks at its Chennai plant, with an annual capacity of “hundreds of thousands” of units.
Reuters
Amazon is setting up its first device manufacturing line in India to make Fire TV sticks locally and has partnered with Cloud Network Technology, a subsidiary of Foxconn, to begin producing the device at its Chennai plant later this year.
The e-commerce giant claimed that the production line will have an annual capacity of “hundreds of thousands” of units, and will also continuously evaluate manufacturing capacity based on domestic demand for its devices.
Vietnam targets growth surge in Communist Party economic blueprint Sorry, but your browser needs Javascript to use this site. If you re not sure how to activate it, please refer to this site: https://www.enable-javascript.com/
The Vietnamese Communist Party s new 200-member central committee poses at the closing ceremony of the 13th national congress of the ruling party in Hanoi on Monday. | VNA / VIA REUTERS
Reuters Feb 1, 2021
Hanoi – Having sidestepped the worst of the coronavirus pandemic so far, Vietnam aims to rev up its economy over the next five years, trusting its custom-tooled mix of free trade deals, privatization and tight COVID-19 curbs.