News May 26, 2021 Tata Technologies to join hands with Logility for digital solutions Tata Technologies has joined hands with Logility to offer digital solutions to its customers. After the outbreak of the pandemic, Tata has realized that going digital is the best way to survive.
News May 25, 2021 Japanese automakers fear global chip shortage likely to continue The global chip shortage that has been haunting Japanese automakers by derailing production is likely to continue. Some automakers believe that they will have to adjust to the problem for years to come.
News May 24, 2021 Bosch to invest a multi-year low of Rs 1.6-2 billion as CAPEX for FY22 Bosch has witnessed a decline in CAPEX due to the 26% decline in net profit to Rs 4.8 billion for FY21 as against Rs 6.49 billion recorded in FY20. Pawan Goenka joins Bosch as an independent director
News May 20, 2021 Automakers think dealership closure as negative for the industry With the second wave of coronavirus, the auto sector has been hit hard. Many major manufacturers have declared production shutdowns and are occupied with the current medical crisis in the country.
News May 19, 2021 COVID crisis: Tata Motors shuts down its Jamshedpur plant for 5 days The company has undertaken a Block Closure from May 18 to May 22 due to the rise in COVID-19 cases in the state. The company will use the time to conduct its annual maintenance activities.
News May 19, 2021 SK Hynix in talks to acquire Korea-based chip contract manufacturer SK Hynix Inc, the world's second-largest memory chip maker, is reportedly holding talks for acquiring Key Foundry, South Korea’s only pure-play foundry.
News May 18, 2021 Samsung and Hyundai Motors collaborate for developing semiconductors Samsung and Hyundai will collaborate with the South Korean government to resolve the global chip shortage. The companies plan to set up a solid supply base for the local production of semiconductors.
News May 18, 2021 China's vehicle production drops due to global semiconductor shortage Vehicle production in China fell from 69.8% to 6.8% in April 2021. The global shortage of semiconductors is believed to be the major reason behind the slump.
News May 18, 2021 Stellantis to lay off 1600 workers due to global semiconductor shortage The US arm of Stellantis will cut one of the two work shifts at its Belvidere assembly plant from July 26, 2021. The factory’s situation is worsened by the severe global microchip shortage.