South Korea’s industrial conglomerate SK Hynix recently announced that it was investing in an enormous semiconductor facility in China. The planned factory is a logical business choice. China is the world’s largest market for semiconductors, and there are few other countries as dependent upon exports and sales to it than …
Read More »Semiconductor chip shortage to cost global automakers $210 billion this year – report
That’s almost double the company’s previous forecast, in May, of $110 billion. It had initially projected some $60.6 billion in lost revenues at the beginning of the year, when automakers started cutting production at plants. “Of course, everyone had hoped that the chip crisis would have abated more by now, …
Read More »Semiconductor chip shortage expected to cost automakers $110 billion in revenues in 2021
The New York-based consultancy has raised the previous outlook by 81.5%. In January, AlixPartners expected the shortage to cost the industry $60.6 billion in revenue. The group expects global car production to drop by 3.9 million units this year – up from the 2.2 million vehicle production cut projected in …
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