Biden will insist that raising debt limit is not ‘bargaining chip’ -White House
WASHINGTON (Reuters) – U.S. President Joe Biden will insist in his State of the Union address that raising the debt limit of the United States is not negotiable and should not be…
U.S. envoy says won’t allow Syria to be Russian ‘bargaining chip’ on Ukraine
By Michelle Nichols HATAY, Turkey – The U.S. envoy to the United Nations said on Thursday she plans to meet her Russian counterpart to kick off likely contentious talks over aid deliveries…
Stellantis to halt Italy’s key Melfi plant next week due to chip shortage
MILAN – Carmaker Stellantis will again stop operations at its key Melfi plant in southern Italy next week, a union representative said on Wednesday, citing shortages of various parts, including semiconductors. Marco…
Abortion Doctor Accuses Chip Roy Of Using ‘Inflammatory Language’ When He Describes What Happens To Aborted Babies
Abortion Doctor Accuses Chip Roy Of Using ‘Inflammatory Language’ When He Describes What Happens To Aborted Babies Laurel Duggan on May 18, 2022 An abortion doctor accused Republican Texas Rep. Chip Roy…
U.S, E.U will seek to head off subsidy race over chip production, official says
By Alexandra Alper WASHINGTON – The United States and European Union will announce a joint effort to avert a “subsidy race” as they scramble to boost production of scarce semiconductor chips, a…
SoftBank’s chip tech firm Arm posts record 2021 revenue
By Jane Lanhee Lee SAN FRANCISCO – SoftBank Group Corp’s chip technology firm Arm Ltd on Thursday reported record revenue for 2021, and Chief Executive Rene Haas told Reuters its business for…
Memory chip maker Micron launches new pricing experiment for stability
By Jane Lanhee Lee and Chavi Mehta SAN FRANCISCO – Chipmaker Micron Technology Inc on Thursday announced it was experimenting with a new pricing model for its chips called forward pricing agreements…
Lucid CEO concerned about chip supplies from China due to COVID-19
By Hyunjoo Jin SAN FRANCISCO -The chief executive of Lucid Group Inc on Wednesday expressed concern about chip supplies from China due to COVID-19 pandemic-related lockdowns, adding that the U.S. electric vehicle…
EXCLUSIVE: Rep. Chip Roy Demands Answers From School District Over ‘Radical’ Segregation Experiment On 5th Graders
EXCLUSIVE: Rep. Chip Roy Demands Answers From School District Over ‘Radical’ Segregation Experiment On 5th Graders Kendall Tietz on April 27, 2022 Texas Republican Rep. Chip Roy renewed his call for answers…
Mercedes-Benz says inventory to remain high in Q2 amid chip shortage
BERLIN – Mercedes-Benz said it expects inventories to remain high in the second quarter as supply chain bottlenecks hinder production and deliveries, with semiconductor supply still very volatile. “There is quite a…
Buffalo Police Officers Chip in To Help Civic Groups with Spring Cleanup at Parks
BUFFALO, NY – It was a spring cleanup day across Buffalo as police officers chipped in to help several community civic groups clean up the city’s parks. “Buffalo Police were present for…
Weak won fuels Hyundai Motor Q1 profit, offsets chip shortage, costs
By Heekyong Yang SEOUL – Hyundai Motor Co is likely to report a 4% bump in first-quarter profit thanks to a sharply weaker won boosting the value of its exports and offsetting…
In shift to new era, Wave Computing adopts RISC-V chip architecture
By Jane Lanhee Lee (Reuters) – Silicon Valley’s Wave Computing said on Tuesday it is launching designs for two new microprocessors this year using RISC-V architecture as it sunsets its once-popular MIPS…
BMW’s CEO expects chip shortage to last into 2023
BERLIN – A shortage of semiconductors is likely to remain a problem for the auto industry into 2023, German carmaker BMW’s Chief Executive Oliver Zipse said in an interview with newspaper Neue…
GOP Rep. Chip Roy Calls Dems Out On Their Latest COVID Hypocrisy
GOP Rep. Chip Roy Calls Dems Out On Their Latest COVID Hypocrisy Jennie Taer on April 6, 2022 Texas Republican Rep. Chip Roy called out Democrats supporting Title 42’s end while fearing…
Production from Stellantis Italy plants to fall for fifth year due to chip crisis-union
MILAN – Vehicle production from sites owned in Italy by Stellantis and previously its predecessor Fiat Chrysler is set to fall for a fifth consecutive year in 2022 due to the microchip…
Volvo Cars says March sales fall 22%, hurt by chip shortage
STOCKHOLM – Volvo Cars said on Monday car sales in March fell 22% to 58,677 cars as the automaker faced shortages of a specific semiconductor. Volvo, majority owned by China’s Geely Holding,…
IMF warns Russia sanctions threaten to chip away at dollar dominance – FT
(Reuters) – Financial sanctions imposed on Russia threaten to gradually dilute the dominance of the U.S. dollar and could result in a more fragmented international monetary system, Gita Gopinath, IMF’s First Deputy…
Apple mulls more memory chip suppliers, including China – Bloomberg News
(Reuters) – Apple Inc is exploring new suppliers for memory chips used in its iPhones, including a potentially first Chinese supplier, after a key Japanese partner had an output disruption, Bloomberg News…
Daimler Truck cuts production at some locations over chip shortage
FRANKFURT – Daimler Truck, the world’s largest truckmaker, on Monday said it was curbing production at some of its German factories due to a shortage of critical semiconductors. The company, which was…
Volvo Cars cuts 2022 sales volume forecast due to chip shortage
STOCKHOLM – Volvo Cars said on Tuesday that a shortage of semi-conductors was hitting production and would likely to continue through the second quarter, forcing it to cut its forecast for vehicle…
EXCLUSIVE: Rep. Chip Roy Demands Answers From School District On ‘Radical’ Racial Segregation Lesson
EXCLUSIVE: Rep. Chip Roy Demands Answers From School District On ‘Radical’ Racial Segregation Lesson Kendall Tietz on March 17, 2022 Texas Republican Rep. Chip Roy is demanding answers from a San Antonio,…
Intel, Micron CEOs to testify at U.S. Senate hearing on chip making
By David Shepardson WASHINGTON -The chief executives of Intel and Micron will testify on March 23 before the U.S. Senate Commerce Committee as the industry and lawmakers make the case for $52…
RISC-V chip technology firm SiFive raises $175 million, valued at $2.5 billion
By Jane Lanhee Lee – SiFive, Inc., a RISC-V chip technology startup in Silicon Valley, said on Wednesday it raised $175 million in its latest round of funding and is now valued…
Chip crunch forces further production cuts at Toyota
-Toyota Motor Corp said on Tuesday it would make additional production cuts in March due to a shortage of semiconductor chips, days after the Japanese automaker reduced its domestic production target by…
Biden, backed by business executives, presses Congress on chip funding
By Alexandra Alper WASHINGTON – U.S. President Joe Biden met with executives of chipmakers including Samsung, Micron and other companies on Wednesday as part of an effort to push the U.S. Congress…
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