Semiconductor chipmaker TSMC says revenue up 16.7% as demand surges
Taiwan Semiconductor Manufacturing Co., the world’s biggest contract producer of processor chips, says its revenue rose 16.7% in the latest quarter over a year earlier as the global economy rebounded from the coronavirus pandemic and demand surged.
GM extends shutdowns at several plants due to semiconductor shortage
DETROIT – General Motors is extending shutdowns at plants in Kansas, Canada and Mexico due to a semiconductor shortage. “GM has not taken downtime or reduced shifts at any of its truck plants due to the shortage. GM had to shut down its Fairfax, Kansas plant that builds the Cadillac XT4 and the Chevy Malibu. AdWhat caused the semiconductor shortage? Industry officials said semiconductor companies diverted production to consumer electronics during the worst of the COVID-19 slowdown in auto sales last spring.