Chips and ships: Philips cuts outlook as supply chain problems grow
Dutch health technology company Philips (PHG.AS) on Monday cut its outlook for sales and profit growth this year and said the global supply chain problems that added to its growing list of worries in the third quarter would likely intensify.
EXCLUSIVE U.S. approves licenses for Huawei to buy auto chips – sources
U.S. officials have approved license applications worth hundreds of millions of dollars for China’s blacklisted telecom company Huawei to buy chips for its growing auto component business, two people familiar with the matter said.
BOJ policymaker warns of global impact from chip crunch, Asia factory closures
A shortage of semiconductor chips may persist for the rest of this year if the coronavirus pandemic keeps Southeast Asian factories shut, a Bank of Japan policymaker said, highlighting supply constraints as among key risks to the global economy.
China’s Geely warns of chip shortage, but keeps annual vehicle sales target
China’s Geely Automobile Holdings Ltd (0175.HK) retained its annual sales target on Wednesday, betting that new vehicle launches will offset the short-term impact of a global chip shortage and a resurgence of the coronavirus pandemic.
Qualcomm optimistic on 5G, connected device sales as supply bottlenecks ease
Qualcomm Inc (QCOM.O) on Wednesday predicted a rise in sales of chips for 5G phones, including Apple Inc’s (AAPL.O)iPhone, as the company said it had mitigated supply shortfalls that have contributed to a global chip shortage.
Intel to build Qualcomm chips, aims to catch foundry rivals by 2025
Intel Corp (INTC.O) said on Monday its factories will start building Qualcomm Inc (QCOM.O) chips and laid out a roadmap to expand its new foundry business to catch rivals such as Taiwan Semiconductor Manufacturing Co (2330.TW) and Samsung Electronics Co Ltd (005930.KS) by 2025.
AB Volvo warns chip woes to linger after narrow profit miss
Sweden’s AB Volvo (VOLVb.ST) warned on Tuesday of more production disruptions and stoppages this year after chip shortages prevented the truck maker from fully capitalising on strong demand for its vehicles in the second quarter.
Qualcomm’s new CEO eyes dominance in the laptop markets
Qualcomm Inc’s (QCOM.O) new chief thinks that by next year his company will have just the chip for laptop makers wondering how they can compete with Apple Inc (AAPL.O), which last year introduced laptops using a custom-designed central processor chip that boasts longer battery life.
Ford to shut some N. American plants for few weeks on chip shortage
Ford Motor Co (F.N) said on Wednesday several of its North American factories will be shut for a few weeks in July and August due to a global shortage of semiconductors.
China manufacturing slows as supply shortages roil Asia industry
Growth in China’s June factory activity dipped to a four-month low on higher raw material costs, a shortage of semiconductors and a COVID-19 outbreak in the major export province of Guangdong, amid wider supply chain disruptions in Asia.
