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SVTPerformance's Chain of Restaurants
Road Side Pub
Frying Pan Into the Fire -- Chip Shortage
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<blockquote data-quote="Weather Man" data-source="post: 16611841" data-attributes="member: 137766"><p>Local Chevy dealer has 1 new truck on lot.</p><p></p><p></p><p><a href="https://seekingalpha.com/news/3685302-global-auto-chip-shortage-sends-major-automakers-scrambling" target="_blank">Global auto chip shortage sends major automakers scrambling</a></p><ul> <li data-xf-list-type="ul">Internal warnings at Volkswagen (<a href="https://seekingalpha.com/symbol/VWAGY" target="_blank">OTCPK:VWAGY</a>) suggest the automaker faces a bigger <a href="https://www.ft.com/content/de519d34-c1cc-4c5d-9547-7af2b268a541" target="_blank">production hit</a> in the second quarter than the first from the global chip shortage.</li> <li data-xf-list-type="ul">"We are being told from the suppliers and within the Volkswagen Group that we need to face considerable challenges," VW exec Wayne Griffiths tells the Financial Times.</li> <li data-xf-list-type="ul">Volkswagen has halted production at several locations across Europe.</li> <li data-xf-list-type="ul">The recent power outage at a TSMC (NYSE:<a href="https://seekingalpha.com/symbol/TSM" target="_blank">TSM</a>) facility and damaging winter storm in Texas added additional strain to global auto chip production.</li> <li data-xf-list-type="ul">The ongoing chip shortage has seen Ford (NYSE:<a href="https://seekingalpha.com/symbol/F" target="_blank">F</a>) close a dozen more facilities in North America and Europe, while Jaguar Land Rover (NYSE:<a href="https://seekingalpha.com/symbol/TTM" target="_blank">TTM</a>) is shutting two of its U.K. factories. Renault (<a href="https://seekingalpha.com/symbol/RNSDF" target="_blank">OTC:RNSDF</a>) suspended production guidance due to the issue and Daimler (<a href="https://seekingalpha.com/symbol/DDAIF" target="_blank">OTCPK<img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite8" alt=":D" title="Big Grin :D" loading="lazy" data-shortname=":D" />DAIF</a>) is reducing employee hours to adjust to the lower rate of production. In early February, General Motors (NYSE:<a href="https://seekingalpha.com/symbol/GM" target="_blank">GM</a>) warned the global automotive chip shortage could cut 2021 earnings by up to $2B. Some analysts are wondering if the figure could be adjusted higher alongside the Q1 earnings report.</li> <li data-xf-list-type="ul">The chip situation adds pressure on automakers to pick the right models to focus on just as many brands are turning electric.</li> <li data-xf-list-type="ul">Notable chip makers for the auto industry include NXP Semiconductors (NASDAQ:<a href="https://seekingalpha.com/symbol/NXPI" target="_blank">NXPI</a>), Texas Instruments (NASDAQ:<a href="https://seekingalpha.com/symbol/TXN" target="_blank">TXN</a>), ON Semiconductor (NASDAQ:<a href="https://seekingalpha.com/symbol/ON" target="_blank">ON</a>), STMicroelectronics (NYSE:<a href="https://seekingalpha.com/symbol/STM" target="_blank">STM</a>) and TSMC.</li> <li data-xf-list-type="ul">What to watch: <a href="https://seekingalpha.com/news/3681108-intel-in-talks-to-serve-as-foundry-for-auto-chip-companies-amid-shortage" target="_blank">Intel in talks to serve as foundry for auto chip companies amid shortage</a> and <a href="https://seekingalpha.com/news/3681460-auto-suppliers-sized-up-ahead-of-earnings-with-chip-shortage-in-the-mix" target="_blank">auto suppliers are being sized up ahead of earnings with the chip shortage in the mix</a>.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16611841, member: 137766"] Local Chevy dealer has 1 new truck on lot. [URL='https://seekingalpha.com/news/3685302-global-auto-chip-shortage-sends-major-automakers-scrambling']Global auto chip shortage sends major automakers scrambling[/URL] [LIST] [*]Internal warnings at Volkswagen ([URL='https://seekingalpha.com/symbol/VWAGY']OTCPK:VWAGY[/URL]) suggest the automaker faces a bigger [URL='https://www.ft.com/content/de519d34-c1cc-4c5d-9547-7af2b268a541']production hit[/URL] in the second quarter than the first from the global chip shortage. [*]"We are being told from the suppliers and within the Volkswagen Group that we need to face considerable challenges," VW exec Wayne Griffiths tells the Financial Times. [*]Volkswagen has halted production at several locations across Europe. [*]The recent power outage at a TSMC (NYSE:[URL='https://seekingalpha.com/symbol/TSM']TSM[/URL]) facility and damaging winter storm in Texas added additional strain to global auto chip production. [*]The ongoing chip shortage has seen Ford (NYSE:[URL='https://seekingalpha.com/symbol/F']F[/URL]) close a dozen more facilities in North America and Europe, while Jaguar Land Rover (NYSE:[URL='https://seekingalpha.com/symbol/TTM']TTM[/URL]) is shutting two of its U.K. factories. Renault ([URL='https://seekingalpha.com/symbol/RNSDF']OTC:RNSDF[/URL]) suspended production guidance due to the issue and Daimler ([URL='https://seekingalpha.com/symbol/DDAIF']OTCPK:DDAIF[/URL]) is reducing employee hours to adjust to the lower rate of production. In early February, General Motors (NYSE:[URL='https://seekingalpha.com/symbol/GM']GM[/URL]) warned the global automotive chip shortage could cut 2021 earnings by up to $2B. Some analysts are wondering if the figure could be adjusted higher alongside the Q1 earnings report. [*]The chip situation adds pressure on automakers to pick the right models to focus on just as many brands are turning electric. [*]Notable chip makers for the auto industry include NXP Semiconductors (NASDAQ:[URL='https://seekingalpha.com/symbol/NXPI']NXPI[/URL]), Texas Instruments (NASDAQ:[URL='https://seekingalpha.com/symbol/TXN']TXN[/URL]), ON Semiconductor (NASDAQ:[URL='https://seekingalpha.com/symbol/ON']ON[/URL]), STMicroelectronics (NYSE:[URL='https://seekingalpha.com/symbol/STM']STM[/URL]) and TSMC. [*]What to watch: [URL='https://seekingalpha.com/news/3681108-intel-in-talks-to-serve-as-foundry-for-auto-chip-companies-amid-shortage']Intel in talks to serve as foundry for auto chip companies amid shortage[/URL] and [URL='https://seekingalpha.com/news/3681460-auto-suppliers-sized-up-ahead-of-earnings-with-chip-shortage-in-the-mix']auto suppliers are being sized up ahead of earnings with the chip shortage in the mix[/URL]. [/LIST] [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Frying Pan Into the Fire -- Chip Shortage
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