Chip Shortage

Business News

Apple Defies Wall Street Expectations With Its First Quarter Results

The tech giant's results come amid supply chain concerns.

Business News

Prices for New Vehicles Hit Record High: Kelley Blue Book

"New-vehicle average transaction prices (ATPs) increased further into record territory in December 2021 to reach $47,077," said the Kelley Blue Book report published Tuesday.

Business News

Used Car Prices Surge 39 Percent Over 12 months Through November

A used car in the United States costs approximately 39 percent more than what it did a year back.

Business News

Ford Teams Up With Chip Giant GlobalFoundries to Boost US Semiconductor Supply

The two companies said in a joint release that their "strategic collaboration," would expand chip supply for Ford's current vehicle lineup and entail joint research and development to address the semiconductor needs of the U.S. automotive industry more broadly.

Business News

Nintendo Switch Is the Latest Victim of Holiday Shortages

Japan-based Nintendo is cutting its sales forecast for the Nintendo Switch by 1.5 million units.

Business News

Global Semiconductor Chip Shortage Could See 'Painful Period' Extend Into 2022: Marvell CEO

In a forecast released Sept. 23, firm AlixPartners estimated that the shortage will cost the auto industry $210 billion globally in lost revenue in 2021.

Business News

Elon Musk Expects Chip Shortage to Be Short-Lived as Production Capacity Expands

Musk's remarks follow comments made earlier in the week by General Motors President Mark Reuss, who said he expects the global supply of chips to stabilize but at lower levels than automakers need to rebuild their inventories.

Business News

Chip Shortage to Cost Automakers $210 Billion in Sales: Analysis

The forecast, released Sept. 23, estimates that the shortage will cost the auto industry $210 billion globally in lost revenue in 2021.

Business News

Should We Be Worried About the Global Chip Shortage?

Industry leaders disagree on how long the crisis will last.