China's chip output shrinks as India, US ramp up local manufacturing
According to the South China Morning Post, the production of integrated circuits (ICs) slumped 24.7 per cent year on year to 24.7 billion units, marking the largest single-month decrease since 1997. This is also the second consecutive month of decline for chip manufacturing. In July, the output nosedived 16.6 per cent to 27.2 billion units.
China's semiconductor output dips 17% in July amid US threat
According to data released by the National Bureau of Statistics, the production of integrated circuits (ICs) dropped 16.6 per cent year-on-year to 27.2 billion units last month, reports South China Morning Post. China had reported 27.5 billion and 28.8 billion units for May and June, respectively. "The weakness in chip production is a further setback for China's ambition to boost local semiconductor production and cut reliance on imported chips," the report mentioned.
Qualcomm sales up 37%, mobile biz crosses $6 bn riding on Snapdragon chips
The company posted $10.93 billion in revenue for its third quarter (April-June period) and its handset business grew 59 per cent to $6.15 billion driven by the strength of its Snapdragon product portfolio, especially in the premium and high smartphone tiers. "We are pleased to report strong quarterly results, with record QCT Automotive and IoT revenues in a challenging macroeconomic environment," said Cristiano Amon, President and CEO of Qualcomm.
Intel set to hike chip prices amid supply chain crisis: Report
According to Nikkei Asia, the company informed customers that it "will raise prices on a majority of its microprocessors and peripheral chip products later this year, citing rising costs". The company is yet to finalise price hikes which could take Intel's flagship products such as central processing units for servers and computers into account, according to the report.
India has $85 bn opportunity in $500 bn global chip supply chain market
The Indian semiconductor industry can build materials, equipment and services capabilities, thereby making notable contributions to the global semiconductor manufacturing supply chain, according to the report by The India Electronics and Semiconductor Association (IESA). The ongoing disruptions in the semiconductor industry and ESDM (electronic system design and manufacturing) supply chain have reiterated the importance of diversified and reliable resources.
Global chip shortage set to ease despite China lockdowns
The second half of 2022 will see downward shipment revisions, largely due to increasing inventory in the channel and a slowdown in consumer PC momentum, according to Counterpoint Research. "Coupled with wafer production expansion and continuous supplier diversification, we have witnessed significant improvement in the component supply situation, at least in the first quarter," said research analyst William Li.
Global shortage forces Ford to sell Explorer SUVs sans chips
The global chip shortage has hit Ford and the automaker is set to start selling and shipping Explorer SUVs without the chips that power rear air conditioning and heating controls. According to a report in Automotive News citing sources, Ford Motor Co plans to ship and sell partially built vehicles that are awaiting semiconductors or related components that control non-safety critical features.
Microchip shortage, high cost subdues auto sector's Feb sales
On Tuesday, auto major Maruti Suzuki India reported that its total sales last month inched lower on a year-on-year basis to 1,64,056 units from 1,64,469 units sold during the same period of the corresponding year. Domestic sales were at 1,37,607 units, and sales to other original equipment manufacturers stood at 2,428 units.