TSMC to Catch up with Auto Chip Shortage by June

Microchip manufacturer Tawain Semiconductor Manufacturing Co Ltd. (TSMC) estimates that they will have caught up with the “minimum requirement” customer demand for auto microchips by the end of June according to Chairman Mark Liu. Automakers have been forced to shut …

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Ford Invests 300 Million in Romanian All-Electric-Vehicle Factory

Automobile giant Ford has made a $300 million investment into the Craiova Assembly Plant, an all-electric vehicle manufacturer in Romania, with hopes to have a zero-emissions lineup by 2024. Craiova is Ford’s third European production facility that will be focusing …

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Nissan UK Furloughs Workers Amid Chip Shortage

Nissan Motor has furloughed around 800 workers at its UK assembly plant due to the worsening global chip shortage. “We are adjusting production, and the number of workers daily, due to the semiconductor shortage. There were times when staff were …

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South Korean Steelmaker Ends Partnership with Myanmar Junta

POSCO Coated & Color Steel has announced it would end its partnership with a Myanmar military-controlled firm amidst backlash that its business benefited the military leadership, on Friday.  The South Korean steelmaker  said it would end its business with junta-controlled …

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China’s Huawei Pledges to Invest $1B on Electric Car Tech

Chinese tech developer Huawei has pledged to invest $1 billion on self-driving and electrically powered vehicles in an attempt to compete with Tesla and Xiaomi Corp. Huawei has already made headway in the self-driving vehicle market, and boasts that their …

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Will.i.am and Honeywell Launches Hi-Tech Mask Line

Black Eyed Peas musician Will.i.am has partnered with Honeywell to bring a new high tech face mask called the “Xupermask” to consumers that will cost $299. The “Xupermask” (pronounced super mask) will features Honeywell’s HEPA filtration system, noise cancelling earbuds …

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LG Withdraws From Smartphone Market

South Korea’s LG Electronics announced Monday that it will be ending its mobile phone production due to financial losses, making it the first phone brand to completely withdraw from the market. In a statement delivered earlier this morning, LG said …

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Volkswagen Buys Tesla Credits to Comply with Chinese Regulations

A joint venture by Volkswagen has agreed to buy green car credits from Tesla to help meet environmental protocols in China. This deal is the first to ever to trade green credits, which are a system of points automakers can …

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