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White House set to host Google, Intel CEOs to discuss computer chip supply chain

White House set to host Google, Intel CEOs to discuss computer chip supply chain
President Joe Biden holds a chip as he speaks prior to news24nationing an executive order aimed at addressing a global semiconductor shortage, in the State Dining Room at the White House in Washington, U.S., February 24, 2021. Jonathan Ernst | Reuters Chief executives from companies including...

GM cutting overtime shifts at two U.S. truck plants due to chip shortage

Line workers work on the chassis of full-size General Motors pickup trucks at the Flint Assembly plant on June 12, 2019 in Flint, Michigan. JEFF KOWALSKY / AFP / Getty Images General Motors is cutting overtime production this weekend at two U.S. assembly plants that make...

The U.S. is facing a lithium-ion battery shortage as electric vehicle production ramps up

The U.S. is facing a lithium-ion battery shortage as electric vehicle production ramps up
As automakers continue to grapple with a semiconductor shortage, some experts say the next supply chain crisis for the U.S. could involve lithium-ion batteries. As companies like GM, Ford and a slew of start-ups ramp up their electric vehicle ambitions, current battery production in the...

Why shortages of a $1 chip sparked crisis in the global economy

To understand why the $450 billion semiconductor industry has lurched into crisis, a helpful place to start is a one-dollar part called a display driver. Hundreds of different kinds of chips make up the global silicon industry, with the flashiest ones from Qualcomm Inc. and...

Stocks making the biggest moves midday: Tesla, AMC Entertainment, Charles Schwab and more

Stocks making the biggest moves midday: Tesla, AMC Entertainment, Charles Schwab and more
People walk outside the AMC Empire 25 movie theater in Times Square as the city continues the re-opening efforts following restrictions imposed to slow the spread of coronavirus on December 23, 2020 in New York City. Noam Galai | Getty Images Check out the companies making...

Stocks making the biggest moves in the premarket: Tesla, GameStop, Roblox & more

Stocks making the biggest moves in the premarket: Tesla, GameStop, Roblox & more
Take a look at some of the biggest movers in the premarket: Tesla (TSLA) – Tesla delivered nearly 185,000 vehicles during the first quarter, a record for the company and more than 10,000 about consensus forecasts. The stock jumped 7.6% in the premarket. GameStop (GME) –...

Stocks making the biggest moves midday: Microsoft, Western Digital, Micron, Nio & more

Stocks making the biggest moves midday: Microsoft, Western Digital, Micron, Nio & more
Satya Nadella, chief executive officer of Microsoft Corp., speaks during the Microsoft Developers Build Conference in Seattle, Washington, U.S., on Monday, May 7, 2018. The Build conference, marking its second consecutive year in Seattle, is expected to put emphasis on the company's cloud technologies...

Auto supplier BorgWarner expects EVs to account for almost 50% of revenue by 2030

The CEO of auto supplier BorgWarner told CNBC on Friday the company hopes to have nearly 50% of its revenues be tied to electric vehicles within the next decade. Currently, less than 3% of the Michigan-based firm's sales are related to EVs. "Our assumption is that...

Jeep, Dodge maker Stellantis temporarily closing five North American plants due to chip shortage

Jeep, Dodge maker Stellantis temporarily closing five North American plants due to chip shortage
A United Auto Worker member leaves the Fiat Chrysler Automobiles Warren Truck Plant after the first work shift on May 18, 2020 in Warren, Michigan. Gregory Shamus | Getty Images A global shortage of semiconductor chips is forcing Stellantis to temporally close five North American plants...