Micron Technology will invest $150 billion in semiconductor research and development and manufacturing over the next 10 years.

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.

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.

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.

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

U.S. chipmaker Intel agreed to buy Israeli driverless car-technology firm Mobileye for $15.3 billion, positioning itself for a dominant role in the fast-moving autonomous-driving sector.