Explained: How Saudi Arabia, UAE are expanding chip wars in a bid to lead AI race

According to a group of computer-chip manufacturers the global semiconductor market is expected to shrink in 2023 for the first time in four years, following a surge during the pandemic.

World Business Watch | Global semiconductor markets expected to shrink in 2023

Tesla CEO Elon Musk says supply chain issues can slow rollout of new vehicles

Analysts predict next 12 months could be most lucrative for Tesla CEO Elon Musk

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?

Indian government approves $10 billion plan to make semiconductor devices

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

Now, China's move to cut silicon production disrupts global economy

Ford Motor has said that several of its North American factories will be shut for a few weeks in July and August due to a global shortage of semiconductors. The supply crunch would cost it $2.5 billion this year and halve vehicle production in the second quarter, Michigan-based company had said in April.

World Business Watch: Ford to shut some North American plants for few weeks on chip shortage

Auto sales have remained a mixed bag in the month of August in India, with some automakers suffering from chip shortages. Maruti Suzuki has registered total sales of over 130,000 units in the previous month.

World Business Watch: India's August auto sales skid on chip shortage, firms await festival season

Global semiconductor shortage is giving way to a different kind of rivalry. Japan is worried that America's plan to put billions into chip manufacturing to stop China could wipe out what was left off at the Japanese semiconductor industry that once dominated the world.

Japan worried of America's plan to put billions into chip manufacturing

German carmaker BMW warned a chip shortage that has plagued the car industry may lead to further lost production, it showed no signs of abating and supply would remain tight in the second half of the year.

World Business Watch: BMW warns on chip shortage, output to suffer on critical supply

US automaker Ford Motor said on Monday that it was scaling back production at its plants in Cologne and Saarlouis for the next few weeks due to a semiconductor chip shortage.

World Business Watch: Ford cuts production at two German plants due to chip shortage

Volkswagen expects semiconductor supplies to car sector to remain tight incoming months. Ralf Brandstaetter, CEO of the Volkswagen brand and member of the carmaker's management board said "I think the situation will remain tense".

World Business Watch: Volkswagen expects chip supply to remain tight in coming months

Taiwan's chip firms to adhere to new US rules blacklisting Chinese entities

US auto industry calls for government help as it warns of impact of chip shortage

The global semiconductor chip shortage led General Motors to extend production cuts at three North American plants and add a fourth to the list of factories hit.

World Business Watch: GM extends production cuts due to chip shortage

Despite challenges of high fuel prices and automakers facing production hit due to semiconductor shortage the Passenger Vehicle segment in India has posted strong.

World Business Watch: India auto sales beat COVID blues

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