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Supply Chain

Reuters | Equities.com |

General Motors Co became the latest automaker hit by the global shortage of semiconductor chips as the U.S. automaker said on Wednesday it will take down production next week at four assembly plants.

GM said it will cut production entirely during the week of Feb. 8 at plants in Fairfax, Kansas; Ingersoll, Ontario; and San Luis Potosi, Mexico. It will also run its Bupyeong 2 plant in South Korea at half capacity that week.


Reuters | Equities.com |

Apple Inc on Wednesday reported holiday quarter sales and profits that beat Wall Street expectations, as new 5G iPhones helped push handset revenue to a new record and sparked a 57% rise in China sales.

Apple shipped its iPhone 12 lineup several weeks later than usual, but an expanded number of models and new look appear to have tapped into pent up demand for upgrades, especially in China. The company also posted strong sales of its Mac laptops and iPads in the quarter, driven by consumers working, learning and playing from home during the pandemic.


AP News | Equities.com |

The push to inoculate Americans against the coronavirus is hitting a roadblock: A number of states are reporting they are running out of vaccine, and tens of thousands of people who managed to get appointments for a first dose are seeing them canceled.

Karen Stachowiak, a first-grade teacher in the Buffalo area, spent almost five hours on the state hot line and website to land an appointment for Wednesday, only to be told it was canceled. The Erie County Health Department said it scratched vaccinations for over 8,000 people in the past few days because of inadequate supply.


Reuters | Equities.com |

Amazon.com Inc on Wednesday offered to help with the United States’ efforts involving the COVID-19 vaccine, according to a letter addressed to President Joe Biden, seen by Reuters.

The world’s largest online retailer has an agreement with a healthcare provider to administer vaccines at its facilities and will move forward once doses are available, Dave Clark, chief executive of Amazon’s worldwide consumer business, said in the letter.


Reuters | Equities.com |

Lockheed Martin Corp said on Monday it had missed its target to deliver 141 F-35 fighter jets to the United States and its allies in 2020, as it built 8% fewer jets after the coronavirus pandemic hampered its supply chain and factories.

The defense contractor delivered 123 aircraft in 2020, underperforming its target established in late 2019.