Latest Computer hardware manufacturing News

As chip shortage goes on, cars are scarce and prices are up

May. 12, 2021 12:33 PM EDT

DETROIT (AP) — For the next few months, Charlie Gilchrist figures his 11 car dealerships in the Dallas-Fort Worth area will sell just about every new vehicle they can get from the factories — and at increased prices. In normal times, that would be cause for joy. Not...

GM expects big 2021 profit, says it's managing chip shortage

May. 05, 2021 13:04 PM EDT

Detroit (AP) — General Motors’ first-quarter net income surged to $2.98 billion as strong U.S. consumer demand and higher prices offset production cuts brought on by a global shortage of computer chips. Despite the shortage, GM stuck with full-year pretax earnings...

Stellantis CFO: Chip shortage impact remains 'controlled'

May. 05, 2021 11:02 AM EDT

MILAN (AP) — The Stellantis automotive company created out of the merger of Fiat Chrysler Automobiles and PSA Peugeot reported Wednesday a 14% increase in first-quarter revenues, despite a drop in production due to the semiconductor shortage. Stellantis revenues for...

Intel: $3.5B investment is critical to microchip future

May. 03, 2021 16:25 PM EDT

RIO RANCHO, N.M. (AP) — Intel will be investing $3.5 billion in its New Mexico plant to manufacture what executives said Monday will fuel “a new era of innovation” and advanced computing as demands increase for the tiny microchips used in nearly all modern devices. ...

Apple's app store goes on trial in threat to 'walled garden'

May. 02, 2021 18:53 PM EDT

SAN RAMON, Calif. (AP) — On Monday, Apple faces one of its most serious legal threats in recent years: A trial that threatens to upend its iron control over its app store, which brings in billions of dollars each year while feeding more than 1.6 billion iPhones, iPads, and other devices. ...

Samsung reports profit jump on smartphone, TV sales

Apr. 28, 2021 22:36 PM EDT

SEOUL, South Korea (AP) — Samsung Electronics said Thursday its operating profit for the last quarter jumped 46% from a year earlier driven by increased sales of smartphones and televisions as its business continues to flourish amid the pandemic. The South Korean tech...

Ford posts profit, says chip shortage may cut production 50%

Apr. 28, 2021 19:04 PM EDT

DETROIT (AP) — Ford Motor Co. posted a surprising $3.26 billion first-quarter net profit on Wednesday, but the company said a worsening global computer chip shortage could cut its production in half during the current quarter. Chief Financial Officer John Lawler said...

Apple profit soars in latest quarter on higher iPhone sales

Apr. 28, 2021 17:52 PM EDT

Demand for the iPhone and other Apple products drove profits to more than double in the January-March period as the tech giant continued to capitalize on smartphone addiction. Profits came to $23.6 billion, or $1.40 per share, while revenue climbed 54% to $89.6 billion in...

Microsoft profits soar as cloud demand continues in pandemic

Apr. 27, 2021 18:28 PM EDT

Microsoft’s profits soared during the first three months of 2021, thanks to ongoing demand for its software and cloud computing services during the pandemic. The company on Tuesday reported fiscal third-quarter profit of $14.8 billion, up 38% from the same period last...

Chipmaker TSMC says profit up 16.7% as demand revives

Apr. 15, 2021 02:46 AM EDT

TAIPEI, Taiwan (AP) — Taiwan Semiconductor Manufacturing Co., the world’s biggest contract manufacturer of processor chips, said Thursday quarterly profit rose 16.7% over a year ago as global demand strengthened. Profit after tax rose to 139.6 billion New Taiwan...