2021 smartphone production being hit hard by chip shortage
A new market intelligence report says that 2021 smartphone production is being hit hard by the global chip shortage, and that means growth will be significantly slower than expected. iPhone production is faring better than other brands, but is still…
Chip shortages are killing smartphone makers; Apple ‘the most resilient and least affected’
According to Counterpoint Research’s latest Global Smartphone Quarterly Shipment Forecasts, total units shipped for 2021 are expected to grow by only 6% annually to 1.41bn units; Counterpoint had previously called for 9% annual growth to 1.45bn units.…
UPDATE 3-Micron sees dip in chip demand as PC makers face parts shortages
(Adds CEO remarks from conference call, analyst comment; updates share movement) Load Error By Manas Mishra Sept 28 (Reuters) – Micron Technology Inc forecast current-quarter revenue below analysts’ expectations and warned that shipments for…
Biden Mulls Bold Steps to Curb Chip Shortage: 3 Stocks in Focus
An acute shortage of semiconductor chips, which are the building blocks for various electronic gadgets, telecommunication equipment, and automobile manufacturing, has set alarm bells ringing in the higher echelons of the government, prompting the…
White House again raises using defense act to address chip shortage: report
The Biden administration has again suggested invoking the Defense Production Act to address the critical shortage of semiconductors, according to a new report. Bloomberg News reported Thursday that Commerce Secretary Gina Raimondo said the Cold War-era…
Google and Jio delay India smartphone launch due to chip shortage
The launch of the Jio Next smartphone in India has been postponed. Google The launch of Google and Reliance Jio’s “ultra-affordable” Android phone has been delayed due to the global chip shortage, according to a statement by the Indian…
Chip Shortage Pushes Reliance, Google to Delay India Smartphone Launch | Investing News
BENGALURU (Reuters) – Indian conglomerate Reliance Industries delayed the launch of a low-cost smartphone it is developing with Google to November, citing an industry-wide semiconductor shortage. The “ultra-affordable” smartphone,…
GM Plans To Halt Production Due to Chip Shortage Starting Labor Day
smontgom65 / iStock.com General Motors has announced that it will stop production in nearly all North America assembly plants beginning on Labor Day, USA Today reported. With the vast shortage of semiconductor chips caused by the pandemic, GM cannot…
Applied Materials Aims to Improve Chip Production for Electric Vehicles | Investing News
(Reuters) – Applied Materials on Wednesday released two new tools aimed at improving the efficiency of making a new class of chips for electric vehicles. Applied is the world’s largest maker of tools for making semiconductors. The machines…
Smartphone sales are riding out the global chip shortage
The primary driver of growth in the smartphone industry is the growing consumer interest in 5G devices. Image: NurPhoto / Contributor / Getty Images Despite some unfavorable circumstances, including the ongoing global health crisis and a shortage of…