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Frying Pan Into the Fire -- Chip Shortage

Discussion in 'Road Side Pub' started by Weather Man, Mar 19, 2021.

  1. Weather Man

    Weather Man Persistance Is A Bitch Premium Member Established Member

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    Good grief!


    Fire halts production for auto chip giant Renesas amid global shortage
    • Renesas (OTCPK:RNECF), one of the largest auto chip companies in the world, announces that a fire has impacted production at its Naka Factory located in Hitachinaka, Ibaraki Prefecture.
    • The fire occurred in one of the clean rooms at the N3 building, which houses the 300mm production line.
    • Renesas confirms some damages to utility equipment and says the impacts to equipment, work-in-process, and the financial impacts are currently undetermined and under investigation.
    • Production at the facility's N2 building (200mm line) and WT building (wafer testing) will continue with normal operations.
    • Renesas holds a 51% share of the global automotive semiconductor market, which is currently experiencing a massive shortage that can allow the chipmakers to increase pricing.
    • Auto chip peers on the move: NXP Semiconductors (NXPI +2.6%), ON Semi (ON +2.2%), and STMicroelectronics (STM +4.4%).
    • Related: Yesterday, automaker Ford cancelled more shifts due to the ongoing chip shortage.
     
  2. mysticsvt

    mysticsvt southernmustangandford Established Member

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    Curious how that will affect me making injectors for Ford. Time off would be great..lol
     
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  3. lOOKnGO

    lOOKnGO Keep'um smiling Established Member

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    Hitachinaka isn't located in Michigan......so there's that.

    Wait till all these electric cars hit the market and the US market has to take a back seat to that battery supply chain.

    Stupid!
     
  4. svtfocus2cobra

    svtfocus2cobra Opprimere, Velocitas, Violentia Operandi Established Member

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    This chip shortage is really screwing up a lot of things.
     
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  5. Weather Man

    Weather Man Persistance Is A Bitch Premium Member Established Member

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    Nissan suspends three North America plants due to chip shortage
    • Nissan (OTCPK:NSANY) says it has halted operations at three factories in North America, including at two U.S. facilities through March 22, the latest automaker to make additional North American production cuts due to the global semiconductor shortage.
    • Nissan says the suspension at its Smyrna, Tenn., plant will affect the Murano crossover as well as output of the Rogue, Maxima and Leaf vehicles that was scheduled to make up for lost production from February's ice storm.
    • At its Canton, Miss., plant, Nissan is cancelling regular production of its Altima sedan and overtime production of NV vans.
    • The company also halted production at its Aguascalientes plant in Mexico until March 23, affecting the Versa and March sedans and Kicks subcompact crossover.
    • Ford said yesterday that the semiconductor shortage has forced it to build its F-150 and Edge SUVs without certain parts.
     
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  6. dynasty_v6

    dynasty_v6 Active Member Established Member

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    Time to buy some Fidelity Select Semiconductors Portfolio

    MUTF: FSELX



    Sent from my SM-N981U using Tapatalk
     
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  7. kazman

    kazman King of Kazmania Premium Member Established Member

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    51% of the market huh? Half your eggs in one basket?
     
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  8. Weather Man

    Weather Man Persistance Is A Bitch Premium Member Established Member

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    Chip shortage pressures Stellantis to delay truck production
    • Many carmakers are suspending production lines due to the global semiconductor shortage and Stellantis (NYSE:STLA) is no different.
    • The world's fourth-largest automaker has announced that output of its Ram Classic pickup trucks in Warren, Michigan, and Saltillo, Mexico, will be affected for "a number of weeks," though it will complete the vehicles when the component that requires the chip becomes available.
    • "We continue working closely with our suppliers to mitigate the manufacturing impacts caused by the various supply chain issues facing our industry," according to the company, which was formed this year from a merger between Fiat Chrysler and PSA Group.
    • Exacerbating the shortage, Renesas, one of the largest auto chip companies in the world, announced Friday that a fire impacted production at its Naka Factory located in Hitachinaka, Japan.
     
  9. Black02GT

    Black02GT *Not 2KBlackGT Established Member

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    Like when airbags start fragging people and realize they all come from the same company regardless of car maker. You'd think that would have opened some eyes but I guess its cheaper this way.
     
  10. Lambeau

    Lambeau Superfleck Moonbird Established Member

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    Is this the perfect transition into halting production of ICE and going electric?
     
  11. DSG2003Mach1

    DSG2003Mach1 Premium Member Premium Member Established Member Single Barrel Sirs

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    I dont know what systems require these particular chips but Id have to imagine electric vehicles need chips too
     
  12. CompOrange04GT

    CompOrange04GT I like Wood, and not Oak in my butt Established Member

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    same thing I thought... like wouldn’t ELECTRIC.. need more ELECTRICal parts
     
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  13. Lambeau

    Lambeau Superfleck Moonbird Established Member

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    Yes, exactly. And that’s why it’s even more important to stop ICE production. Their radical objectives will not be met if ICE vehicles are taking chips.
     
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  14. lOOKnGO

    lOOKnGO Keep'um smiling Established Member

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    This is the new normal. A lot was learned by big companies during the Chinese virus. Take 3m for example. People couldn't get n95 masks or charcoal painters masks. They were the primary providers. You're into concrete construction from my understanding. Our area has not been able to get 8 inch concrete aluminum panel wall ties for some time. There is shortages in so many necessary building supplies it's not a coincidence. The breaks are being put on, either deliberately for halting economy growth or selfish business profiteering at end costumers expense.
    Sent from my SM-S506DL using the svtperformance.com mobile app
     
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  15. Weather Man

    Weather Man Persistance Is A Bitch Premium Member Established Member

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    Hiring workers has been a constant issue. I think we have been fairly successful working around supply issues, so far.
     
  16. Weather Man

    Weather Man Persistance Is A Bitch Premium Member Established Member

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    Ford cuts more shifts due to chip shortages
    • Ford (F +0.2%) is cutting one of the three shifts at a truck plant in Kentucky this week. The automaker also canceled an overtime shift building Super Duty pickups that had been scheduled for Sunday.
    • The plant is scheduled to return to full production next week, per Ford spokeswoman Kelli Felker.
    • Ford also halted production this week at a commercial vehicle factory in Ohio.
    • Shares of Ford are still in positive territory on the day with the company already previously warning that lost production because of the global chip shortage could reduce its pre-tax adjusted profits by $1B to $2.5B in the first half of this year.
    • Ford has been on the radar of investors since announcing a major electrification push.
     
  17. Fat Boss

    Fat Boss Well-Known Member Established Member

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    It's a big part of my portfolio. I also have more and more LRCX since I work there.
     
  18. svtfocus2cobra

    svtfocus2cobra Opprimere, Velocitas, Violentia Operandi Established Member

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    The shortage is why you can't find a PS5 or new XBOX on shelves yet, and there is an entire market of just people that have setups that allow them to buy them up when they go on sale online so they can turn around and list them for twice the price. I want a PS5 but I'm not even going to try and play that game and I won't pay more than MSRP for one.
     
  19. RDJ

    RDJ ZERO shits given Established Member

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    Any industry that uses chips are having issues right now. there is a huge backlog on computer orders and most everything else ... nothing to do with conspiracies or deep state crap either.
     
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  20. Ramairgt1

    Ramairgt1 Miss you Established Member

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    I have bought 12 of them and sold them to family for cost and friends for $100 over.. Its not hard to get them if you are patient.
     

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