Kelly Sloan, the Centennial Institute’s senior fellow in Energy and Environment, says as AI develops and the demand for its technologies grows, it’s a perfect opportunity for the United States to expand formal trade ties with Taiwan.
The world’s largest coffee chain is canceling its vaccine mandate after the Supreme Court rejected President Joe Biden’s vaccine requirement at large companies. The White House is making it easier for Americans to get a free at-home test. Where can you get them and how soon? More big banks report earnings. Bank of America and Morgan Stanley […]
The shortage of computer chips is raising the price of new and used cars, delaying shipments of electronics and holding back the economic recovery from the COVID-19 pandemic. “It’s a huge problem,” Commerce Secretary Gina Raimondo told CNN ahead of leading a White House meeting with manufacturers and users of computer chips. “Everything in your […]
U.S. electric car maker Tesla reportedly halted some of its operations in China last month. Bloomberg said Thursday that part of a production line at Tesla’s Shanghai plant stopped for about four days—because of a lack of key chips.
Another thing pushing up prices is a global semi-conductor shortage. Officially, the price of a used car is up 27 percent on average since last year. People are apparently resorting to buying used cars because manufacturers can’t get the chips to make new ones. NTD asked Stephen Ezell, a chip industry expert, if it’s a problem […]
US auto sales soared in the second quarter. But the uptick could have been much bigger. Automakers have struggled to find the computer chips required to build enough cars and trucks to meet demand, with most temporarily shutting their factories as a result of the shortage. The tight supplies drove up car prices to record […]
Ford Motor Co said on Wednesday several of its North American factories will be shut for a few weeks in July and August due to a global shortage of semiconductors. The supply crunch would cost it $2.5 billion this year and halve vehicle production in the second quarter, the Dearborn, Michigan-based company had said in […]
LONDON—Jaguar Land Rover said Thursday it’s suspending production at two UK factories, becoming the latest automaker to fall victim to a global shortage of microchips. “Like other automotive manufacturers, we are currently experiencing some COVID-19 supply chain disruption, including the global availability of semiconductors,” the British luxury car brand said in a statement. The shortage […]
WASHINGTON—General Motors Co (GM) and Ford Motor Co both said on Thursday they will cut more vehicle production due to a semiconductor chip shortage that has roiled the global automotive industry. The White House plans a summit on the chip shortage issue next Monday that is expected to include GM Chief Executive Mary Barra and […]
WASHINGTON—The pandemic has exposed the fragility of global supply chains and the shortage of computer chips is the latest incident that forced many automakers across the world to halt production. Western governments are learning hard lessons from these disruptions, pushing to create more resilient and diverse supply chains. The Biden administration has also pledged to […]
Automakers around the world are scrambling to find chips. Now Ford and GM are reducing production. One auto industry expert says part of the problem is that other industries that were strong during the pandemic used a lot of chips. And now the auto industry is trying to bounce back from all the production it lost […]
