January 28, 2023

Global Chip Shortage ‘Is Far From Over’ as Wait Times Get Longer

Almost a year into a global chip shortage, the problems are increasing for many customers as delays get even longer and sales are lost.

Manuel Schoenfeld placed an order in May for transmission chips for the utility-monitoring devices made by his New York-based company PowerX. He was told the chips would arrive by summer, then fall, then winter and now doesn’t expect to get them until May 2022.

Related Posts

Judge Rejects Apple’s Request to Delay App Store Order

November 10, 2021

November 10, 2021

U.S. District Judge Yvonne Gonzalez Rogers rejected Apple Inc.’s attempt to delay her September injunction that would loosen some of...

Chinese Nuclear Plant Flags Performance Issue, French Part Owner Says

June 14, 2021

June 14, 2021

French power giant Électricité de France SA said it had requested an extraordinary board meeting with Chinese managers of a...

FDA, J&J Near Deal for Covid-19 Vaccine Production at Baltimore Plant

May 28, 2021

May 28, 2021

WASHINGTON—The Food and Drug Administration and vaccine maker Johnson & Johnson JNJ -0.15% expect to announce as early as next...

Economy Week Ahead: Factories, Services, Jobs

May 30, 2021

May 30, 2021

A help wanted sign was displayed in front of a restaurant in Los Angeles on May 28. Photo: frederic j....

Eli Lilly Gets DOJ Subpoena Related to N.J. Plant

May 27, 2021

May 27, 2021

Eli Lilly LLY -0.89% & Co. on Thursday said it received a subpoena from the Justice Department seeking documents related...

GM to Restart Several Factories Idled by Computer-Chip Shortage

May 27, 2021

May 27, 2021

General Motors Co. GM 2.82% said Thursday it is restarting production at a handful of factories that were previously idled...

Nike Posts Highest Quarterly Sales in Its 50-Year History

June 24, 2021

June 24, 2021

Nike swung to a profit of $1.51 billion for the quarter ended May 31. Photo: florence lo/Reuters Updated June 24,...

Shell Ordered by Dutch Court to Cut Carbon Emissions

May 26, 2021

May 26, 2021

The ruling, issued by the district court in The Hague and stemming from a lawsuit, found Shell RDS.A 0.44% must...

Didi Global Prices IPO at $14 a Share

June 30, 2021

June 30, 2021

Chinese ride-hailing goliath Didi Global Inc. priced its IPO at $14 on Tuesday afternoon, according to people familiar with the...

Fed’s Bostic Says Bond Buying Drawdown Near, Sees Rate Rise in Late 2022

June 23, 2021

June 23, 2021

Federal Reserve Bank of Atlanta President Raphael Bostic said Wednesday he has moved forward his expectations for a central bank...

Amazon Could Use Less Prime Time

June 22, 2021

June 22, 2021

Prime Day has long been about more than Amazon AMZN -0.94% just keeping itself busy over the slow summer. But...

Japan Manufacturing Sentiment Rose to Highest Level in 2.5 Years in 2nd Quarter

July 1, 2021

July 1, 2021

Sentiment among Japan’s large manufacturers rose to the highest level in 2½ years during the second quarter thanks to a...

Ex-Trump Adviser Jason Miller Says New Social App Gettr Is Backed by Foundation Tied to Guo Wengui

July 2, 2021

July 2, 2021

Former Trump adviser Jason Miller says a new, free-speech-focused social-media platform he is leading has received financial backing from a...

Hertz’s Complex Shareholder Payout Explained

June 10, 2021

June 10, 2021

Hertz Global Holdings Inc. is concluding a chapter 11 case that generated big gains for shareholders, who are usually an...

Congressional Budget Office Sees Stronger Growth, Inflation, Deficits in 2021

July 1, 2021

July 1, 2021

WASHINGTON—The Congressional Budget Office on Thursday lifted its forecasts for economic growth, inflation and federal budget deficits this year, following...