Latest Computer components News

Japan's Honda sees declining profits on semiconductor crunch

Aug. 10, 2022 04:02 AM EDT

TOKYO (AP) — Honda’s fiscal first quarter profit fell 33% from last year as a global computer chip shortage, a pandemic-related lockdown in China and the rising costs of raw materials hurt the Japanese automaker. Tokyo-based Honda Motor Co. reported Wednesday that its profit...

Biden, Democrats bet on long-term goals for short-term boost

Aug. 09, 2022 18:20 PM EDT

WASHINGTON (AP) — President Joe Biden’s legislative victories have aimed to position the U.S. to “win the economic competition of the 21st century,” but his investments to boost the nation’s technology, infrastructure and climate resilience over the next decade are set against a...

Bumps, bipartisanship in long fight for semiconductor bill

Aug. 01, 2022 12:21 PM EDT

WASHINGTON (AP) — Five weeks ago, senior Biden administration aides gathered for their regular Thursday morning meeting about passing a bill to revive the U.S. computer chip sector, worried that it could be in peril. After 18 months, the bipartisan effort to provide $52 billion for...

Congress OKs bill to aid computer chip firms, counter China

Jul. 29, 2022 02:30 AM EDT

WASHINGTON (AP) — The House on Thursday passed a $280 billion package to boost the semiconductor industry and scientific research in a bid to create more high-tech jobs in the United States and help it better compete with international rivals, namely China. The House approved the...

Ford 2Q profit up 19%, sees stronger year despite inflation

Jul. 27, 2022 18:49 PM EDT

DETROIT (AP) — Ford Motor Co.'s net income rose 19% in the second quarter as the company pulled together enough computer chips to boost factory output and sales. The Dearborn, Michigan, automaker said Wednesday it made $667 million from April through June, compared with $561...

Senate passes bill to boost computer chip production in US

Jul. 27, 2022 16:12 PM EDT

WASHINGTON (AP) — A bill designed to encourage more semiconductor companies to build chip plants in the United States passed the Senate on Wednesday as lawmakers raced to finish work on a key priority of the Biden administration. The $280 billion measure, which awaits a House vote,...

Bill to boost semiconductor industry passes key Senate test

Jul. 26, 2022 18:31 PM EDT

WASHINGTON (AP) — The Senate on Tuesday advanced a $280 billion bill designed to boost the semiconductor industry in the United States and to accelerate high tech research that backers say will be critical to the economy in future decades. The Senate needed 60 votes to advance the...

Hobbled by chip, other shortages, GM profit slides 40% in Q2

Jul. 26, 2022 11:06 AM EDT

DETROIT (AP) — General Motors' second-quarter net income fell 40% from a year ago as computer chip and parts shortages hobbled factory output and drove the company's U.S. sales down more than 15%. The Detroit automaker earned $1.67 billion from April through June, in part because...

Biden presses computer chips case in advance of Senate vote

Jul. 25, 2022 18:06 PM EDT

WASHINGTON (AP) — Calling semiconductors “the building blocks for the modern economy," President Joe Biden on Monday asked Congress to move quickly and send him a bipartisan bill designed to boost the computer chips industry and high-tech research in the United States. The Senate...

Semiconductor bill unites Sanders, the right — in opposition

Jul. 24, 2022 14:14 PM EDT

WASHINGTON (AP) — A bill to boost semiconductor production in the United States has managed to do nearly the unthinkable — unite the democratic socialist Sen. Bernie Sanders and the fiscally conservative right. The bill making its way through the Senate is a top priority of the...