Latest Computer hardware manufacturing News

GM 3Q profit falls 40% to $2.4B as chip shortage dings sales

Oct. 27, 2021 11:40 AM EDT

DETROIT (AP) — High prices for trucks and SUVs helped General Motors post a $2.4 billion third-quarter profit, but the income was 40% lower than a year ago due to short supplies of new vehicles because of a global computer chip shortage. The earnings fell from $4...

Snap, Intel fall; American Express, Mattel rise

Oct. 22, 2021 16:26 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday: Intel Corp., down $6.54 to $49.46. The chipmaker gave investors a disappointing profit forecast for the current quarter. Mattel Inc., up 12...

IBM, Las Vegas Sands fall; Crocs, AutoNation rise

Oct. 21, 2021 16:28 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday: International Business Machines Corp., down $13.57 to $128.33. The technology and consulting company's third-quarter revenue fell short of Wall Street forecasts. ...

Tesla hits record profit despite parts shortage, ship delays

Oct. 20, 2021 20:31 PM EDT

DETROIT (AP) — Record electric vehicle sales last summer amid a shortage of computer chips and other materials propelled Tesla Inc. to the biggest quarterly net earnings in its history. The company said Wednesday that it made $1.62 billion in the third quarter, beating...

TSMC plans chip plant in Japan, says supply shortages easing

Oct. 15, 2021 02:02 AM EDT

Taiwan Semiconductor Manufacturing Corp. has confirmed it is planning to build a computer chip factory in Japan. TSMC’s CEO C.C. Wei said the company, the world’s biggest contract producer of semiconductors, was expanding to better serve its customers and enhance its...

Asian shares rise after technology-powered rally on Wall St

Oct. 14, 2021 23:58 PM EDT

Asian shares were higher Friday after technology companies powered the biggest gain on Wall Street since March. All major regional indexes advanced, with Tokyo gaining 1.4%. Taiwan shares jumped 2.2% on news that computer chip maker TSMC upgraded...

Editorial Roundup: New York

Oct. 06, 2021 17:42 PM EDT

Advance Media New York. October 3, 2021. Editorial: Why a computer chip factory is not another Amazon Central New York is reportedly getting closer to attracting a semiconductor factory to the White Pine Commerce Park in Clay, bringing 3,000 to 5,000...

Truckee outlines response to July cybersecurity attack

Oct. 05, 2021 16:04 PM EDT

TRUCKEE, Calif. (AP) — Truckee officials say they've taken steps to recover from and guard against a cybersecurity attack like the one that shut down its computer system in July in the town near Lake Tahoe. The Sierra Sun reports Town Manager Jennifer Callaway...

Volvo plans $2.9B IPO to fund electric vehicle ambitions

Oct. 04, 2021 12:20 PM EDT

LONDON (AP) — Swedish automaker Volvo said Monday it plans to raise at least 25 billion kroner ($2.9 billion) by selling shares to fund its electric vehicle transformation strategy. Volvo Cars and its parent company, Chinese carmaker Geely, have applied to hold an...

US auto sales slump, stalled by car computer chip shortage

Oct. 01, 2021 18:46 PM EDT

DETROIT (AP) — In a normal month before the pandemic, Con Paulos' Chevy dealership in Jerome, Idaho, sold around 40 new vehicles. In September, it was only six. Now he's got nothing new in stock, and every car, truck or SUV on order has been sold. Last month, what...