Japan gives Kioxia and Western Digital $680 million to boost memory chip production
Japan’s government on Tuesday said it will provide as much as 92.9 billion yen ($680 million) to Kioxia Holdings and Western Digital Corp (WDC.O) to help them boost production and ensure a stable supply of memory chips in Japan.
Denso bullish on business prospects as it tackles chip shortages
Denso Corp (6902.T), Japan’s largest auto supplier, was bullish about its prospects in a business presentation on Wednesday as demand for automotive chips expands and it tackles semiconductor shortages that have frustrated Toyota Motor Corp (7203.T), its biggest shareholder and customer.
Japan parts makers halt output after quake, another blow to supply chain
Japan’s Renesas Electronics Corp, Murata Manufacturing Co Ltd, Sony Group Corp and other precision parts makers halted some operations on Thursday after an earthquake jolted the country’s northeast, the latest blow to the global supply chain.
EXCLUSIVE Tesla plans new Shanghai plant to more than double China capacity – sources
Tesla Inc (TSLA.O) plans to start work on a new plant in Shanghai as soon as next month as part of a plan to more than double production capacity in China to meet growing demand for its cars in the country and export markets, two people familiar with the matter told Reuters.
Toyota to launch its own automotive software platform by 2025 – Nikkei
Japanese automaker Toyota Motor Corp (7203.T) is planning to launch its own operating system, which would be capable of handling advanced operations such as autonomous driving, for its vehicles by 2025, Nikkei reported on Monday.
Exclusive: U.S. opens probe into 30 million vehicles over air bag inflators
U.S. auto safety investigators have opened a new probe into 30 million vehicles built by nearly two dozen automakers with potentially defective Takata air bag inflators, a government document seen by Reuters on Sunday showed.
Japan’s July factory output slips as COVID-19 hits car production
Japan’s industrial output shrank in July as car production took a hit from a coronavirus resurgence in Asia that has cast doubt over the recovery in the world’s third-largest economy.
Global corporate profits to fall 8% in Q3 after record Q2 – data
Global corporate profits in the third quarter are likely to fall for the first time in 18 months after record earnings in April-June, Reuters calculations showed, as the spreading COVID-19 Delta variant squeezes supply chains and raises labour costs.
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.
EXCLUSIVE China’s tech crackdown thwarts Pony.ai’s U.S. listing plans -sources
Autonomous driving startup Pony.ai has put on hold plans to go public in New York through a merger with a blank-check firm at a $12 billion valuation, after it failed to gain assurances from Beijing that it would not become a target of a crackdown against Chinese technology companies, people familiar with the matter said.
