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Car production in China hit due to global chip shortage

Car production in China hit due to global chip shortage
ANI |
Updated: Apr 20, 2021 17:53 IST
Beijing [China], April 20 (ANI): Amid the global shortage of semiconductors, production in China s car industry has slowed down, dashing the Chinese car market s hope to spearhead global recovery in the sector.
World s biggest automakers including Nissan Motor, Ford Motor and Nio Inc said they have cut production due to the chip supply shortage, Al Jazeera reported, adding that they had to adjust assembly lines due to the shortages.
Volkswagen AG, China s biggest foreign automaker said the effect of the shortage remains unabated in the second quarter of this year. ....

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Global chip shortage now hitting more tech players: S&P

Global chip shortage now hitting more tech players: S&P
aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.

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Global Chip Shortage Now Hitting PC and Smartphone Makers, Says S&P

Global Chip Shortage Now Hitting PC and Smartphone Makers, Says S&P
Moneylife Digital Team
0
The heavy toll that chip shortages have inflicted on the auto industry is now broadening to other sectors. Exploding demand and factory outages are creating acute chip shortages and the effect of supply shortfalls is spreading beyond carmakers to any firm that relies heavily on semiconductors, such as smartphone and personal computers (PC) makers, says S&P Global Ratings.

Clifford Kurz, credit analyst at S&P says, The chip shortage may cap the revenue growth of some PC and smartphone makers, and impede their ability to capitalize on surging consumption. ....

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