Latest Electronic parts manufacturing News

Editorial Roundup: Ohio

Nov. 29, 2021 09:03 AM EST

Cleveland Plain Dealer. Nov. 28, 2021. Editorial: Rocketing food costs are also harming the hunger safety net Eye-popping food price increases this fall, notably for meats, have taken a toll on many household budgets, especially for Thanksgiving. But...

High inflation? Low polling? White House blames the pandemic

Nov. 27, 2021 17:47 PM EST

WASHINGTON (AP) — Inflation is soaring, businesses are struggling to hire and President Joe Biden’s poll numbers have been in free fall. The White House sees a common culprit for it all: COVID-19. Biden’s team views the pandemic as the root cause of both the...

Edmunds: Low inventory means high car prices on Black Friday

Nov. 24, 2021 06:18 AM EST

This has been a tough year to buy a new or used car in America. With COVID-19 factory shutdowns, semiconductor chip shortages, rising prices and supply chain issues, it’s been nothing but bad news for car shoppers. And for those who’ve waited, hoping Black Friday sales would bring some...

Samsung says it will build $17B chip factory in Texas

Nov. 23, 2021 22:49 PM EST

Samsung said it plans to build a $17 billion semiconductor factory outside of Austin, Texas, amid a global shortage of chips used in phones, cars and other electronic devices. “This is the largest foreign direct investment in the state of Texas, ever,” Texas Gov. Greg...

Japan Cabinet OKs record stimulus package to fix economy

Nov. 19, 2021 08:15 AM EST

TOKYO (AP) — Japan's Cabinet approved on Friday a record 56 trillion yen ($490 billion) stimulus package, including cash handouts and aid to ailing businesses, to help the economy out of the doldrums worsened by the coronavirus pandemic. “The package has more than...

With supply short, Ford dips toe into computer chip business

Nov. 18, 2021 12:09 PM EST

DETROIT (AP) — Ford Motor Co. is in talks with a computer chip maker to shore up its semiconductor supplies and avoid a repeat of this year's auto factory shutdowns caused by semiconductor shortages. Few details of the nonbinding agreement with GlobalFoundaries Inc....

EU opens door to giving aid for semiconductor production

Nov. 18, 2021 09:43 AM EST

BRUSSELS (AP) — The European Commission said Thursday that it could approve aid to fund production of semiconductors in the 27-nation bloc amid a global chip shortage and intense worldwide competition to fill the need. The EU's executive arm expects that the scarcity of...

US industrial production rebounded 1.6% in October

Nov. 16, 2021 10:28 AM EST

WASHINGTON (AP) — U.S. industrial production rebounded in October as automakers, stung by supply chain problems, posted strong increases and the adverse effects from a hurricane that struck the nation's energy complex in the Gulf of Mexico faded. Industrial production...

Key reason for supply shortages: Americans keep spending

Nov. 15, 2021 11:15 AM EST

DETROIT (AP) — Take a step back from the picked-over store shelves, the stalled container ships and the empty auto showrooms, and you’ll find a root cause of the shortages of just about everything. Even as the pandemic has dragged on, U.S. households flush with cash...

Japan's Toshiba spins off energy, computer device units

Nov. 12, 2021 05:03 AM EST

TOKYO (AP) — Embattled Japanese technology conglomerate Toshiba said Friday it is restructuring to improve its competitiveness, spinning off its energy infrastructure and computer devices businesses. The energy infrastructure spinoff will include Tokyo-based Toshiba...