Chip Shortage
Apple Defies Wall Street Expectations With Its First Quarter Results
The tech giant's results come amid supply chain concerns.
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.
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.
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.
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.
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.
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.
Should We Be Worried About the Global Chip Shortage?
Industry leaders disagree on how long the crisis will last.