News Oct 25, 2021 Micron Technology to invest $ 150 bn in semiconductor business Micron Technology will invest $150 billion in semiconductor research and development and manufacturing over the next 10 years.
News Sep 25, 2021 Global auto industry to loss $210 bn due to chip shortage An ongoing global shortage in semiconductors is on track to cost the world’s automakers $210bn in lost revenue this year, almost double that of previous estimates.
News Sep 06, 2021 Vehicle sales for August take a beating due to global chip shortage This year auto dealers expect the semiconductor shortage to result in sales dropping by about 30%. SIAM has asked the MEA to reach out to chipmakers to prioritise Indian automakers when plants reopen.
News Sep 06, 2021 Xiaomi invests in auto communications chipmaker Motorcomm The investment in Motorcomm was done through the Hubei Xiaomi Yangtze River Industrial Fund. The size and other details of the deal were not disclosed.
News Aug 10, 2021 Foxconn acquires Macronix’s semiconductor wafer factory Foxconn will buy a semiconductor factory that manufactures six-inch wafers from Taiwanese memory chip supplier Macronix International for $91 million. It will boost Foxconn’s ambition to make EVs and auto chips.
Interviews Jul 14, 2021 Dr Sreeram Srinivasan: There is manifold rise in chips demand In this interview with Rakesh Rao, Dr Sreeram Srinivasan, CEO, Syrma Technology Pvt Ltd, discusses reasons behind the current chip shortage crisis and new growth opportunities for the company
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 17, 2021 Automakers might lose $110 billion revenues due to chip shortage As per Alix Partners, automakers might lose $110 billion revenue due to global semiconductor chip shortage. The amount was previously estimated as $61 billion. The crisis might hit the production of 3.9 million vehicles.
News May 05, 2021 Intel wants $9.7 bn in public subsidies for European chip factory Pat Gelsinger, CEO, Intel, met with Thierry Breton, European Commissioner, to deliberate the semiconductor strategy. He stated that the existing global chip shortage will persist for another couple of years.