Car firms, tech giants feel squeeze of worsening chip shortage
Al Jazeera
Apple, Samsung, BMW, Ford, Honda say they will either pause production or predict falling sales due to chip shortfall.
The global chip shortage is going from bad to worse with automakers on three continents joining tech giants Apple Inc. and Samsung Electronics Co. in flagging production cuts and lost revenue from the crisis. In a dizzying stretch of 12 hours, Honda Motor Co. said it will halt production at three plants in Japan for around five to six days next month; BMW AG flagged it will pause Mini car production at its Oxford, England, factory for three days; and Ford Motor Co. reduced its full-year earnings forecast due to the debilitating chip shortage, which it sees extending into next year. Now, the very companies that benefitted from surging demand for phones, laptops and electronics during the pandemic that caused the chip shortage, are starting to feel the pinch. After a blockbuster second quarter, Apple Chief Financial Officer Luca Maestri warned that supply constraints are crimping sales of iPads and Macs, two products that performed especially well during lockdowns. Maestri said this will knock $3 billion to $4 billion off revenue during the fiscal third quarter.
US Secretary of State Marco Rubio welcomes Coyle’s release as ‘positive step’ while thanking Qatar and UAE for support.
The Israel Football Association was fined by FIFA for racism and discrimination breaches following Palestinian report.
Iranian missiles have caused damage in Israel, raising questions about the country’s air defence systems.
The final qualification spots for the FIFA World Cup 2026 are about to be sealed via UEFA and intercontinental playoffs.
An Al Jazeera journalist’s report was disrupted by an Israeli missile striking a waterfront building in Lebanon’s Tyre.
Rescuers have pulled a man alive from the rubble after US-Israeli strikes hit a residential area in Tehran.
The British government has learned no lessons from the disaster that the US-UK invasion of Iraq was.
Six Ukrainians and an American citizen arrested for allegedly entering India’s northeast region without permits and then crossing to neighbouring Myanmar to train armed groups in drone warfare.
Iranian leaders, including Ghalibaf, have denied that talks with the US are under way.
Fine particulates in Pakistan’s air highest in the world last year, exceeding WHO guidelines by up to 13 times.