3G Wireless Shutdown Will Hurt AT&T, Verizon, T-Mobile: Jeff Kagan

Jeff Kagan | |

AT&T recently filed a response to the security and alarm companies' complaint that shutting down their 3G network at this time will have a negative impact on their industry. AT&T said this complaint is unwarranted and also said that it needs to shutdown 3G to help 5G grow. That’s only one side of the argument, however, and most users, investors and companies do not understand the ramifications. In fact, AT&T does not seem to understand how this shutdown will hurt them as well.

BlackBerry Security Flaw Leaves Millions of Cars, Medical Devices Vulnerable to Hackers

Kimberly Redmond | |

A security flaw in software designed by BlackBerry Limited (NYSE: BB) has left almost two million cars, as well as countless devices in the medical, automotive and energy sectors, vulnerable to hackers, two federal agencies warned.

On Tuesday, the US Food and Drug Administration (FDA) and Homeland Security’s Cybersecurity and Infrastructure Security Agency (CISA) issued advisories regarding the vulnerability, which affects older but still widely used versions of one of BlackBerry’s flagship products, an operating system called QNX.

Renesas Says Fire-Damaged Semiconductor Chip Plant To Reopen Mid-June

Kimberly Redmond | |

Renesas Electronics Corporation, a key automotive semiconductor supplier, said Tuesday that its plant in northeastern Japan damaged by a March 19 fire will now be back online by mid-June rather than its previous target for the end of May.

The Japanese chipmaker said it has procured “all necessary equipment to return to pre-fire production capacity,” which will be installed and operational by mid-June. Renesas anticipates production capacity of t...

Global Semiconductor Shortage To Cost Automakers $110 Billion in Revenue This Year

Reuters | |

The global semiconductor chip shortage will cost automakers $110 billion in lost revenues this year, up from a prior estimate of $61 billion, consulting firm AlixPartners said, as it forecast the crisis will hit the production of 3.9 million vehicles.

The chip crunch has driven home the need for automakers to be "proactive" right now, and create "supply-chain resiliency" longer term to avoid disruptions in the future, the firm said on Friday.

Renesas Says Fire-Damaged Semiconductor Plant Will Ramp Up to 100% Production by End of May

Kimberly Redmond | |

Renesas Electronics Corporation, a key automotive semiconductor supplier, said one of its plants in northeastern Japan damaged by a fire in March will be running at full capacity by the end of May.

On Monday, Renesas said it restarted partial production over the weekend at the Naka plant and will gradually ramp back up to 100% output by the end of May and should reach its previous shipping volumes by early July.

Intel To Start Making Chips for Auto Industry in Six to Nine Months, As Biden Seeks Answers To Fill Gap

Reuters | |

U.S. President Joe Biden met with executives from major companies on Monday to discuss the global chip shortage that has hit automakers and spurred Intel Corp to announce it plans to make chips for car plants at its factories in the next six to nine months.

During the meeting, Biden said he had bipartisan support for legislation to fund the semiconductor industry. He previously announced plans to invest $50 billion in semiconductor manufacturing and research as part of his drive to rebuild U.S. manufacturing under a $2 trillion infrastructure plan.

Fire at Renesas Semiconductor Plant Aggravates Already Stressed Auto Chip Supply Chain

Kimberly Redmond | |

Renesas Electronics Corporation (OTC US: RNECY), a key automotive semiconductor supplier, said it will take a least a month to get one of its plants in northeastern Japan back online following a fire last week.

According to Tokyo-based Renesas, the fire broke out around 2:47 a.m. on March 19 after some equipment overheated in one of the buildings at its Naka factory in Hitachinaka and destroyed 11 semiconductor manufacturing machines, about 2% of the plant’s manufacturing equipment.

Chipmakers in Texas Recovering Slowly From Severe Weather Shutdowns

Reuters | |

Chipmakers like Samsung Electronics Co Ltd will need a couple of weeks to resume production in Texas after shutdowns caused by severe weather, and customers could face knock-on effects in several months’ time, a representative of a trade body said.

Samsung, NXP Semiconductors NV and Infineon Technologies AG were ordered to shut factories in Texas last month after a winter storm killed at least 21 people and left milli...

President Biden To Sign Executive Order Wednesday Addressing Global Semiconductor Chip Shortage

Reuters | |

President Joe Biden will sign an executive order on Wednesday aimed at addressing a global semiconductor chip shortage that has forced U.S. automakers and other manufacturers to cut production and alarmed the White House and members of Congress, administration officials said.

The scarcity, exacerbated by the pandemic, will be the subject when Biden meets a bipartisan group of U.S. lawmakers on Wednesday to discuss the issue.

How Autonomous Vehicles Will Impact Auto Insurance

Brian Wallace | |

The pandemic has fundamentally changed the way we drive as well as migration patterns around the globe, which have led the way to significant insurance givebacks in the US.  In addition to this, the rise of mainstream autonomous vehicles will surely change the way auto insurance will be calculated - but how? Check out this deep dive visual for more:

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