US Commerce Secretary Gina Raimondo says Beijing is pushing US executives, companies and business groups to fight against China-related bills in Congress

Volvo said production was down at the end of the first quarter due to a shortage of a specific semiconductor and warned that the supply problem would persist

Tightness in semiconductor supplies over the past two years have in some cases caused automotive and consumer appliance production lines to shut down

South Korean electronics giant warns shortage of parts may continue this year

The factory in the city of Suzuka will also slash its production by half for the month of April, expanding the scale of the cutback

The plant in Zwijndrecht, which closed due to tightened environmental regulations, accounts for 80% of global total semiconductor coolant output

The carmaker's chief financial officer, Arno Antlitz, said bottlenecks would be likely to begin to ease towards the end of this year

US fabrication of the chips would require not only tremendous up-front costs, but possibly a steady stream of government assistance in perpetuity

Automobile dealer group FADA said passenger vehicle retail sales last month fell 10.91% to 244,639 units from 274,605 units in December 2020