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Some 1,600 jobs are being cut at a Jeep Cherokee factory in northern Illinois as automakers continue being plagued by the global shortage of semiconductors. The U.S. arm of Stellantis, formerly known as Fiat Chrysler, said Friday it was cutting one of the two work shifts at its Belvidere Assembly Plant as of July 26. That could result in the layoffs of 1,641 workers, .... the factory’s situation “has been further exacerbated by the unprecedented global microchip shortage,” Tinson said. The Belvidere facility has been idled since late March, with Stellantis repeatedly delaying the reopening that is now not expected...

t's no secret that the global chip shortage is wreaking havoc on automakers; even chip-hoarding Toyota is starting to feel the heat. Stellantis, Ford, GM—pretty much everybody is getting a taste of a major supply-chain shortcoming, and needless to say, it's bad for business. But just because vehicles need chips to be delivered doesn't mean you have to stop making 'em altogether. Case-in-point, Ford is still making trucks; it's just making them without the necessary bits, holding them until the chips finally come in, and then shipping them out to dealers. Ford is doing this with what looks like thousands...

China’s industrial sector is suffering from a severe shortage of semiconductor chips, following U.S. sanctions and other supply problems, which is seriously slowing down the country’s manufacturing capacity. Recently, Tsinghua University announced the establishment of a new school that would help solve the country’s chip shortage problem, as Chinese leaders promote a Marxist approach to speed up chip production. But experts say China has a long way to go. On April 22, Tsinghua University in Beijing announced the establishment of the School of Integrated Circuits that would help China build up its own chip market and cut its reliance on...

The wife of Democratic Delaware Sen. Tom Carper purchased shares of semiconductor manufacturer Intel Corp. just days before President Biden issued an executive order aimed at addressing the global chip shortage.... If Sen. Carper knew that Biden would sign the executive order, then Martha Ann Stacy Carper’s share purchases were “certainly unethical,” said Hank Sheinkopf, president of the New York-based strategic communications firm Sheinkopf Communications Ltd. He added that while a causal relationship may not exist, it “doesn't look good” that Carper represents Delaware, Biden’s home state. Taking action to combat a global shortage of semiconductor chips has become a...