Browsing Tag

Chips

Intel CEO Lip-Bu Tan announced the sale of 10 % of its shares to the US government, representing an investment of $8.9 billion. Last week, President Donald Trump stated at a press conference that Intel, the semiconductor manufacturer, should pay the government 10 % of its company. Regarding the…
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Toyota halts production due to chip shortage

The Japanese car manufacturing company Toyota announced that from March 22 to 31 it will halt production of one of its domestic lines as a result of a shortage of chips, which could be a new blow to its manufacturing. The decision was…

Sony to reduce PS5 production

Sony Group Corp announced the reduction of the manufacture of its PlayStation 5 (pS5) console as a consequence of the global crisis on some of the components such as chips. The company planned to manufacture 16 million units by March of the…

BMW seeks to reduce manufacturing costs by 25 %

The German car manufacturer BMW announced that it will keep cuts due to the crisis caused by the pandemic and the high prices of raw materials. They will reduce production costs per vehicle by 25 % until 2025. Production manager Milan…