President Joe Biden signed an executive order Wednesday meant to address a global chip shortage impacting industries ranging from medical supplies to electric vehicles. From a report: The order includes a 100-day review of key products including semiconductors and advanced batteries used in electric vehicles, followed by a broader, long-term review of six sectors of the economy. The long-term review will…
Tag: shortage
Biden Team Pledges Aggressive Steps To Address Chip Shortage
The Biden administration is working to address the global semiconductor shortage that has caused production halts in U.S. industries including autos, White House Press Secretary Jen Psaki said. From a report: The administration is identifying choke points in supply chains and discussing an immediate path forward with businesses and trading partners, Psaki told reporters at the White House on Thursday. In…
Is it OK to mix and match COVID-19 vaccines? Oxford researchers begin trial.
Amid a shortage of vaccine supplies and the threat of emerging coronavirus variants, such an approach might provide an answer for both. Source: https://www.livescience.com/oxford-testing-mixture-different-coronavirus-vaccines.html
General Motors Hit by Chip Shortage
General Motors became the latest automaker hit by the global shortage of semiconductor chips as the U.S. automaker said on Wednesday it will take down production next week at four assembly plants. From a report: GM said it will cut production entirely during the week of Feb. 8 at plants in Fairfax, Kansas; Ingersoll, Ontario; and San Luis Potosi, Mexico. It…
Sony Says It Sold 4.5 Million PlayStation 5 Consoles Last Year and Took a Loss on Sales
Sony shipped more than 4.5 million PlayStation 5s from the console’s Nov. 12 launch to the end of the year, but it took a loss on those sales because the PS5’s “strategic price point” is lower than what it cost to manufacture it. From a report: The disclosure was part of Sony’s quarterly report to investors, delivered in Japan earlier today….
Carmakers Face $61 Billion Sales Hit From Pandemic Chip Shortage
An anonymous reader quotes a report from Bloomberg: When the Tohoku earthquake and tsunami ravaged Japan in 2011, ocean water flooded factories owned byRenesas Electronics Corp.Production at the swamped facilities ground to a halt — a major hit for Renesas, of course, but also a devastating blow to the Japanese car industry, which depended on Renesas for semiconductors. Lacking chips for…
Chip Shortage Hits Global Automakers
A semiconductor shortage is dragging on some of the world’s biggest auto manufacturers, costing Daimler, Nissan Motor, Honda Motor and Ford Motor production of a range of cars. From a report: Mercedes-Benz maker Daimler joined its German peer Volkswagen AG in announcing it’s affected by the industrywide supply bottleneck, without quantifying the impact. Honda said it will cut domestic output by…
Global Chip Shortage Threatens Production of Laptops, Smartphones and More
Makers of cars and electronic devices from TVs to smartphones are sounding alarm bells about a global shortage of chips, which is causing manufacturing delays as consumer demand bounces back from the coronavirus crisis. From a report: The problem has several causes, industry executives and analysts say, including bulk-buying by U.S. sanctions-hit Chinese tech giant Huawei Technologies, a fire at a…
Ancient Egyptian hoard of counterfeit ‘dirty money’ unearthed
A shortage of silver caused by the collapse of leading Bronze Age civilizations around the eastern Mediterranean about 1200 BC resulted in the original “dirty money” — several hundreds of years before coins had been invented. Source: https://www.livescience.com/ancient-egyptian-hoard-counterfeit-dirty-money.html
America Is Facing a Monkey Shortage
Thud457 shares a report from USA Today: The race for a coronavirus vaccine to help end the pandemic has consumed the scientific community and created an escalating demand for an essential resource: monkeys. Before drug companies call on human volunteers, monkeys are used in preclinical trials to test a vaccine’s safety and effectiveness. But with more than 100 vaccines in development…