M&M will observe seven no-production days at its plants in September. The company added that there will be no material impact of the halt on the XUV7OO production ramp-up and launch plans.

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.

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.

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

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.

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.

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.

The chipmaker will spend $3.6 billion in the next three years to combat the global chip shortage. The production will happen at an existing UMC facility in the Tainan Science Park from the Q2 of 2023.

To handle the global chip shortage, The Taiwan Semiconductor Manufacturing Co has announced that it plans to increase its plant capacity with an investment of $2.8 billion to install mature technology.