DETROIT (AP) — General Motors’ second-quarter net income fell 40% from a year ago as computer chip and parts shortages hobbled factory output and drove the company’s U.S. sales down more than 15%. The Detroit automaker earned $1.67 billion from April through June, in part because it couldn’t deliver 95,000 vehicles during the quarter because…
Hobbled by chip, other shortages, GM profit slides 40% in Q2 TribDem.com Source link
PC component shortages are likely to ease in the back half of the year, according to a new report published by Counterpoint Research. The market research firm analyzed demand-supply gaps and information from various industry sources to produce a time-based chart of component shortage levels. Below you can see the dotty chart in all its…
There have been multiple reports recently concerning the impacts of the extended pandemic lockdowns on the computer industry in China. DigiTimes articles on this topic, bookending the weekend, appear to provide evidence that the laptop industry is under particular stress in April. According to industry insiders, laptop makers have a lot of worries about their…
Intel has huge plans underway to ramp up its manufacturing capabilities in the US and Europe, and will be spending big on these respective ventures, although governments will be contributing hefty amounts of funding towards Team Blue’s cause, it has emerged. This is all part of Intel’s strategy to move away from the high level…
Nearly all shops surveyed for the second annual State of Heavy-Duty Repair report compiled by Fullbay with the Technology & Maintenance Council were affected by parts shortages in 2021. The report indicated 82% of repair shops suffered disruptions due to supply chain-related parts shortages, with 14% reporting “severe” disruptions. (Photo: istock) Sixty-four per cent of…
LOUISVILLE, Ky. (WAVE) – Haggling over the price of a car is an American tradition. It used to be the most stressful part of car buying negotiations, but in today’s world of supply and demand issues, you are lucky if you can even find a car to negotiate over. Like most of our world since…
The tech industry has been affected by the ongoing components shortage for nearly two years, but there’s finally some good news for the PC and notebook markets. According to a new report from TrendForce, component material shortages for both PCs and laptops have been “partially alleviated” starting in November 2021. As a result, the shipment…
A trio of Malaysian semiconductor manufacturers (Infineon Technologies AG, NXP Semiconductors NV and STMicroelectronics NV) have been hit hard by the surging COVID cases in the region – jeopardizing plans to lift instated lockdowns and restore full production capacity. The news, via Bloomberg is that the reported daily infection figures have pushed past 20,000 for a seven-day average,…
Eben Upton, Welsh-born businessman and Raspberry Pi inventor, has had a few choice things to say in an interview with The Register, published today. In it, he describes the current semiconductor supply situation as “hand-to-hand-combat,” and that it’s “unlikely to end until 2023”. The good news, however, is that the Pi business is doing very…