Chip Shortage

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.

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.