Automotive

Volkswagen lowers sales outlook as chip shortage hits profit

Volkswagen lowered its forecast for deliveries to customers Thursday and reported a decrease in operating profits for the third quarter as the global shortage of semiconductors disproportionately hit the company's business ...

Electronics & Semiconductors

US pressing Taiwanese firms on semiconductors, Commerce chief says

The United States is pressuring Taiwanese semiconductor manufacturers to allocate some of their supply to American automakers grappling with a shortage of the crucial components, US Commerce Secretary Gina Raimondo said Tuesday.

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