Disruptions to parts and components suppliers caused by the COVID-19 pandemic could force fresh production cuts at Japanese automakers in October, Akio Toyoda, the head of the auto industry lobby group, said on Thursday.
Intel Corp (INTC) on Tuesday said that it will reserve factory capacity at its semiconductor plant in Ireland for automakers and has created a program to help them transition to making chips in its factories. Intel (INTC), the biggest maker of processor chips for PCs and data centers, in March said it planned to open up its chip factories for outsiders to use.
* Nordstrom (JWN) drops as Q2 sales recovery disappoints. * Dick's Sporting Goods (DKS) jumps after raising annual sales, profit forecast. * Indexes: Dow 0.37%, S&P 0.31%, Nasdaq 0.09% By Devik Jain. Aug 25 - The S&P 500 and the Nasdaq indexes scaled record highs on Wednesday on gains in chipmakers and financials, ahead of the Federal Reserve's highly anticipated annual symposium.
LINDE PLC (LIN): * TO SUPPLY GREEN HYDROGEN TO SEMICONDUCTOR INDUSTRY. * NEW LINDE FACILITIES ARE EXPECTED TO START UP IN 2022. * IT WILL BE FIRST TIME GREEN HYDROGEN IS USED IN INFINEON'S SEMICONDUCTOR MANUFACTURING PROCESS.
Japan's Nikkei share average ended weaker on Friday, dragged down by declines in chip-related stocks that tracked U.S. peers lower but a surge in heavyweight Recruit Holdings (RCRRF) limited losses. The Nikkei share average edged down 0.14% to close at 27,977.15, while the broader Topix gained 0.15% to 1,956.39. For the week, the Nikkei, however, posted a second straight gain.
Fresh outbreaks of the Delta coronavirus variant in Southeast Asia have crippled its factory sector, disrupting global supplies of goods such as rubber gloves, semiconductors and SUVs and threatening the $3 trillion region's recovery.
Fresh outbreaks of the Delta coronavirus variant in Southeast Asia have crippled its factory sector, disrupting global supplies of goods such as rubber gloves, semiconductors and SUVs and threatening the $3 trillion region's recovery.
Industrial materials maker Dupont (DD) raised its full-year outlook for a second time on Tuesday as stronger demand and price hikes helped it beat expectations for quarterly earnings. The company has benefited from a rebound in the auto and chip-making industries this year from the pandemic-led slump, but rising costs and supply constraints pose a risk to its recovery.
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