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Severe Weather Halts Production at Texas Chip Plants

Severe Weather Halts Production at Texas Chip Plants
Severe weather conditions in the US state of Texas over the last ten days have closed down chip manufacturing locations, including semiconductor production at three of the US’ main suppliers based in Austin: Infineon, NXP and Samsung Electronics. Those closures compound the current shortage in the supply of semiconductors to the automotive industry, which is affecting production. Texas is facing historically cold weather conditions, leading to blackouts across the state, cutting power to 4m people. Energy providers are focusing on securing supply to residential and healthcare customers, and have asked manufacturers to reduce or suspend output during the storm. Semiconductor...

Global Chip Shortage 'Crisis' Hits Car Manufacturers

Global Chip Shortage 'Crisis' Hits Car Manufacturers
In recent weeks, car manufacturers around the world have been hit by a serious a serious shortage of semiconductors, prompting them to halt output, and putting the brakes on their post-pandemic recovery. The problem stems from the convergence of two key factors; the failure to forecast a sudden rebound in demand towards the end of 2020, coupled with the rise in sales of consumer electronic devices throughout the Covid-19 pandemic, such as tablets, laptops, 5G smartphones and gaming consoles. It also highlights the complexity of car companies’ supply chains, in which a single vehicle can require up to 30,000 parts....

2020 Sets Record for Chip M&A

2020 Sets Record for Chip M&A
According to IC Insights, semiconductor market research firm, 2020 was a record year for chip deals, with mergers and acquisitions totalling $118 billion, overtaking the 2015 peak of $107.7 billion. The five biggest 2020 M&A agreements, announced in July, September, and October respectively, had a combined value of $94.0 billion, representing about 80% of the total for the whole year. The second half of 2020 saw a wave of huge acquisition agreements, led by Analog Devices announcing in July that it would purchase Maxim Integrated Products for $21 billion in stock. The deal is expected to complete in the summer...

European Chip Shortage Threatens China’s Auto Industry

European Chip Shortage Threatens China’s Auto Industry
According to industry officials, a shortage of European-made chips used in automotive manufacturing threatens to disrupt production in China well into 2021, with chip makers announcing that they may raise prices and expand production in response. From computerised engine control for improved fuel economy, to driver assistance systems such as emergency braking, the auto industry has become increasingly dependent on chips - many of them manufactured in Europe. Due to Covid-19 lockdowns, early 2020 saw a slowdown in automotive production, but the industry has seen a resurgence in demand as consumers look to travel in private vehicles rather than using...

European Consumer Electronics Sector to Suffer $14.2bn Revenue Loss

European Consumer Electronics Sector to Suffer $14.2bn Revenue Loss
The Covid-19 pandemic has caused a significant shift in consumer spending, directly impacting Europe's consumer electronics industry. In times of economic uncertainty, consumers are choosing to buy essential items such as groceries and household items, rather than big-ticket purchases such as televisions and smartphones. According to figures presented by finaria.it, Europe's consumer electronics market revenue is expected to reach $213.8bn in 2020 - a drop of $14.2bn in the wake of the pandemic. European PC and smartphone sales to witness greatest revenue drop in 2020 In recent years, the European consumer electronics segment has seen steady growth, with revenue increasing...

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