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Semi-conductor shortages: Why did Tata Motors' warning spook investors?


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Intel: Intel CEO says chip shortage will persist for 'couple of years'


Synopsis
Demand for semiconductors was boosted in 2020 as consumers scooped up home gadgets during the pandemic. But meeting that increase has been hard, thanks to shuttered plants, among other factors.
iStock
The supply constraints are hitting a wide array of industries, with tech firms and automakers alike flagging production cuts and lost revenue from the fallout.
The global semiconductor shortage roiling a wide range of industries likely won’t be resolved for a few more years, according to Intel Corp.’s new Chief Executive Officer Pat Gelsinger.
The company is reworking some of its factories to increase production and address the chip shortage in the auto industry, he said in an interview with CBS News, based on snippets from its “60 Minutes” program. It may take at least several months for the strain on supply to even begin easing, he added. ....

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Intel CEO says computer chip shortage to last 'couple of years'


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The global semiconductor shortage roiling a wide range of industries likely won’t be resolved for a few more years, according to Intel Corp.’s new CEO Pat Gelsinger.
The company is reworking some of its factories to increase production and address the chip shortage in the auto industry, he said in an interview with CBS News, based on a transcript of “60 Minutes” that aired  Sunday. It may take at least several months for the strain on supply to even begin easing, he added.
“We have a couple of years until we catch up to this surging demand across every aspect of the business,” Gelsinger said. ....

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UK close to Australian trade deal - live updates


UK close to Australian trade deal
Louise Moon, Simon Foy
Government borrowing hit £303.1bn in year ending March
Retail sales jumped 5.4pc compared with February
FTSE 100 falls flat, stays shy of 7,000
US market edge higher after a rise in factory activity
05:03 PM
Sterling has a strong day
Sterling has had a strong day today, rebounding from a sharp fall on Thursday after strong retail sales and PMI figures were a positive sign for Britain s economic recovery.
It rose 0.07pc against the US dollar to $1.384, as the weak greenback continued a disappointing week ahead of the Fed s latest rates decision. The pound was down 0.4pc against the euro at €1.147. ....

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