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Intel pours in $20bn on new advanced microchip plants in Ohio,...

American multinational company, Intel will invest $20 billion on two new advanced microchip plants in Ohio, USA, its first step towards the $100 billion...

Auto industry to lose a massive $110bn due to global chip...

The ongoing semiconductor chip shortage is now expected to cost the global automotive industry $110 billion in revenue in 2021, according to the American...

Chinese EV maker NIO halts production as global chip shortage peaks

Chinese Electric Vehicle (EV) manufacturer NIO is the latest casualty of the ongoing global semi-conductor chip shortage which has forced many to either halt...

Global semiconductor shortage to stimulate Saudi’s local production

The global shortage of semiconductor chips due to the COVID-19 pandemic has spurred the need for Saudi Arabia to increase its local production so...
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