The machine tool industry has a historic chance of growth due to the shift to electric vehicles and demand for localised manufacturing, as per the head of the biggest Taiwanese machine tool company.

The Tata Groups' plans to set up a USD 300-million semiconductor manufacturing unit on a wartime basis may face headwinds, for the absence of raw materials and its scarce availability outside.

Taiwan is looking at cooperating with three Eastern European countries on semiconductors, a move likely to find favour in Brussels.

The domestic appliances and consumer electronics industry, is facing shortages in components such as semiconductors and chips, said industry body CEAMA.

Technology company Continental announced changes in engineering leadership for its ADAS and VED business units (BU) in their in-house R&D centre Technical Center India (TCI).

Mobile Drive, a 50/50 joint venture between Foxconn and Stellantis, will quickly develop the most advanced in-car and connected-car technologies. It will bid for global vehicle program contracts.

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.

The implementation of the PLI Scheme 'National Programme on Advanced Chemistry Cell Battery Storage’ will bring down the cost of electric vehicles and boost green growth.

The auto industry is struggling to keep up the production as per the market demand owing to a major semiconductor shortage. Increased demand for cars and electronic gadgets is widening the gap.