Auto Care Association warns of the impact of a potential strike to auto parts supply. The United States Maritime Alliance (USMX) that represents port operators and shipping companies, provided an update this morning on the status of negotiations with the International Longshoremen’s Association (ILA), that represents over 80,000 dock workers, to avert a strike at […]
Texas Instruments to Receive Up to $1.6 Billion in Funding for Semiconductor Manufacturing in Texas and Utah
Texas Instruments (TI) (NASDAQ: TXN) and the U.S. Department of Commerce have signed a non-binding Preliminary Memorandum of Terms for up to $1.6 billion in proposed direct funding under the CHIPS and Science Act to support three semiconductor wafer fabrication facilities already under construction in Texas and Utah. In addition, TI expects to receive an […]
Brian Blouin Appointed to Executive Committee of MEMA Aftermarket Suppliers Supply Chain & Operations Forum
The MEMA Aftermarket Suppliers Supply Chain & Operations Forum announced the appointment of Brian Blouin, Group Leader – Supply Chain Management at Schaeffler Group USA, Inc., as its newest Executive Committee member. In his role, Blouin will serve as a representative of the general membership of the council, actively contributing to the development of solutions […]
AkzoNobel Says Raw Material Supplies Normalizing in Q3 Financial Update
On Tuesday, AkzoNobel provided a third quarter update as high macro-economic uncertainty, especially in Europe and China, led to near historical low consumer confidence. The company said that in anticipation, customers and channel partners in the paints and coatings industry are proactively destocking in these regions. According to the company, adjusted operating income is now […]
Auto Care Association to Host Webinar Examining Challenges with Ocean Shipping
The Auto Care Association will host a live webinar on Wednesday, August 24, from 2-3 p.m. (EDT) to examine the current challenges with ocean shipping and share insights to prepare for what is ahead. Problems with ocean shipping delays have impacted collision repair parts supplies. More information and registration are available online. This webinar is […]
CHIPS Act Signed Into Law
On August 2, President Biden signed the CHIPS and Science Act (CHIPS Act) into law, allocating $280 billion in funding and tax incentives to boost domestic production and innovation in the semiconductor industry and broader science and technology-related industries. The bill, which passed the Senate by a vote of 64-33, aims to make the United […]
PartsTrader July 19 Webinar to Provide Industry Update, Examine Parts Inflation and Supply Chain Constraints
PartsTrader announced a virtual collision repair industry update event on July 19 at noon (EDT). This free, live, interactive event offers a way for industry professionals to get vital information about current trends affecting their business. “I’m looking forward to providing the latest information on our fast changing industry, and giving my thoughts on how […]
Bosch Investing in Expanded Semiconductor Production
In an additional move to combat the ongoing global chip shortage, Bosch plans to further extend its wafer fabrication in Reutlingen, Germany. More than a €250 million ($278.2 million) is to be invested in creating new production space and the necessary clean-room facilities between now and 2025. This will give Bosch the ability to meet […]
Commerce Department Reports Automotive Semiconductor Supply Chain Remains Fragile
Acute concern for legacy automotive chips. While positive news on private investment, department says report supports proposed $52 billion government support for domestic production. The U.S. Department of Commerce yesterday released the results from the Risks in the Semiconductor Supply Chain Request for Information (RFI) issued in Sept. 2021. The RFI showed that median inventory […]