The decision to centralize procurement is a sign that chip shortages may persist and are forcing companies to implement more aggressive measures

Apple supplier Foxconn and chipmaker Taiwan Semiconductor Manufacturing Company (TSMC) are among firms looking to access Japanese know-how.

New facility near coastal city Shanghai will represent the company's biggest electronics investment in China to date.

Semiconductor Manufacturing International Corporation (SMIC) announced revenue of $1.8 billion in first three months ended March 31, a 16.6% rise from the previous quarter

The Taiwanese group, which is a key supplier for Apple, reported a 4% rise in first-quarter revenue despite chip shortages, supply chain issues and reduced demand for electronics

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