South Korea's SK Hynix Inc warned on Wednesday of an "unprecedented deterioration" in memory chip demand, deepening fears of global recession, and said it would slash investment after quarterly profit tumbled 60%.

Chipmaker SK Hynix to halve investment amid looming recession

The world's major chip-producing nations, including the United States, are joining together in part to secure their supply chains for semiconductors and prevent China from overtaking them as the market leader.

US and allies join forces on semiconductor supply to stop China's advancement

Supply chain disruptions, chip shortages and other logistical issues are weighing heavy on two automakers - Honda and Toyota. The companies are planning to cut down massively in production as they are unable to procure the required supplies.

Supply crunch, chip shortage hit Honda, Toyota | Latest International News | WION

In signs of growing tensions over global semiconductor war, chip designer Nvidia said that US officials ordered it to seize exporting two of its top computing chips for Artificial Intelligence work to China.

US orders Nvidia to stop chip sales in China

A global pandemic and a complete breakdown in the supply chain system has hit the automobile sector incredibly hard. Japanese automobile giant Toyota Motor Corp hasn't been left untouched either as the company posted a sharp 42 per cent decline in its quarterly operating profits.

Toyota’s Q1 profit sinks 42 per cent; chip supply shortage, rising costs blamed

Electric vehicle sales and registrations have skyrocketed in numbers in the last few years. There were more electric vehicle registrations in 2021 alone than in the previous five-year purchases combined.

How global chip shortage is affecting the electric vehicle industry

The United States Senate has passed a bipartisan bill to boost chip output amid a global shortage. Legislation is aimed to help the US compete with China.

US Senate passes bill to boost chip output; Legislation aimed to help the US compete with China

United States is taking a number of steps so that it does not slip into recession. President Joe Biden virtually met with CEOs of Lockheed Martin, Medtronic along with Labour leaders to address the chip shortage.

Chip Shortage in United States: Biden meets CEOs

Playing down recession fears, President Joe Biden of United States said he does not expect that US will suffer an economic downturn. Although the GDP figures due later this week may show the economy has shrunk for second consecutive quarter.

US President Joe Biden plays down recession fears

In India despite chip shortage, automakers are on a launching spree; many global and renowned automakers are now unveiling their new cars and SUVs.

Global auto players unveil new models in India despite chip shortage

A company that tracks counterfeit and fraud in the chip industry said on Tuesday that severe chip shortage has resulted in record wire fraud cases last year.

Chip shortages result in record wire fraud, cases reported by desperate buyers

First month of new financial year has been a mixed bag for automakers. In India- Hyundai, Maruti Suzuki their sales were down, their cumulative sales dropped by around five percent year on year during April.

Chip shortage continues to dent auto sales; Hyundai, Maruti witness decline

Volvo Cars said that a shortage of semi-conductors would likely to continue. The global shortage has forced them to cut their forecast for vehicle deliveries this year.

Global chip shortage: Volvo cars cuts 2022 sales forecast

Luxury carmaker Porsche expects another record year for sales despite the global semiconductor chip shortage, its management said that it s confident about 2022 sales.

Porsche expects another record year for sales despite chip shortage

The global semiconductor chip shortage will continue to hurt British car sales throughout this year and into 2023.

Lack of chips to further hit British car market

Daimler, the luxury carmaker expects chip supply to remain scarce throughout 2022, particularly in the first half of the year.

Daimler expects chip supply to remain scarce throughout 2022

The global auto industry is facing a crisis. It could lose $210 billion in revenue due to an acute shortage of chips. In India alone, over 700,000 buyers are waiting for delivery. Can India's $10 billion plan solve this crisis? Palki Sharma brings you a report.

Gravitas: Can India's $10 billion booster save the global economy?

With the ongoing global chip shortage, German carmaker Volkswagen is all set to manufacture and deliver fewer cars globally in 2022.

German carmaker Volkswagen to make fewer cars globally in 2022 amid global chip shortage

Amid the ongoing global shortage of semiconductors, Intel plans a new plant in Malaysia. The production in the new facility is to begin in 2024.

Intel to build a new plant in Malaysia amid global chip shortage

Chip designer Advanced Micro Devices (AMD) has been able to skirt most of the problems linked with the global chip supply shortage by forecasting demand years in advance.

Global Chip Shortage: AMD books capacity years ahead to ease crunches

India's leading car makers Maruti Suzuki and Hyundai have witnessed a double digit drop in sales in the month of October due to global chip shortage.

October auto sales in India stay in the slow lane due to chip shortage

Maruti Suzuki's Indian arm posted over 65% plunge in the quarterly net profit, as a global chip shortage thumped production.

India: Maruti Suzuki's profit takes a massive hit as chip shortage weigh

Jaguar Land Rover has decided to extend production cut in the third quarter of FY22 amid a shortage of semiconductors across the world.

Jaguar Land Rover extends production cuts amid chip shortage

The impact of the global supply chain disruption is being felt across the globe. From a massive chip shortage to the restaurants delayed deliveries of your favourite electronics all this is now starting to dampen the festive spirits. Watch this report to know more.

WION VOA Co-Production: COVID-19 disrupts global supply chain

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