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FACTBOX-Chip shortage hits global manufacturing activity

 (Updates Toyota)
    Aug 19 (Reuters) - A global semiconductor chip shortage has caused a major
delay in manufacturing activity, with automakers cutting down on production and
electronic device makers struggling to keep up with a pandemic-led surge in
demand for phones, TVs and gaming consoles.  
    The scarcity prompted U.S. President Joe Biden to sign an executive order to
address the issue, after he pledged to seek $37 billion in funding for
legislation to supercharge chip manufacturing in the United States.
    Below is a list of major corporations that have been at the receiving end of
the crisis.
    
 Company                          Comments
 General Motors Co                Both General Motors and Ford said they will
                                  cut more vehicle production due to a
                                  semiconductor chip shortage that has roiled
                                  the global automotive industry.             
                                      Earlier, GM had said that due to the
                                  global semiconductor chip shortage, it is
                                  building certain 2021 light-duty full-size
                                  pickup trucks without a fuel management
                                  module, hurting those vehicles' fuel economy
                                  performance.            
                                      GM had also extended production cuts at
                                  three North American plants, adding a fourth
                                  to the list due to chip shortage. Said
                                  shortage could shave up to $2 bln from 2021
                                  profit                          
 Ford Motor Co                    Has said it will, for now, assemble its
                                  flagship, highly profitable F-150 pickup
                                  trucks and Edge SUVs in North America without
                                  certain parts and idle two assembly plants
                                  due to the global semiconductor chip
                                  shortage.            
                                      Earlier, it said shortage is hitting
                                  production of F-150 pickup trucks, and it
                                  could lose 10% to 20% of planned Q1 vehicle
                                  production, with adj. earnings falling by $1
                                  bln to $2.5 bln             
 Apple Inc                        Apple executives said that while the impact
                                  of the chip shortage was less severe than
                                  feared in the third quarter, it will get
                                  worse in the current quarter, extending to
                                  iPhone production.             
 Volkswagen AG                    Volkswagen's top three brands pointed to an
                                  ongoing shortage of automotive chips that
                                  could intensify in the coming months. It now
                                  expects deliveries to be up "noticeably" in
                                  2021 from the 9.3 million last year, having
                                  previously expected them to rise
                                  "significantly".                          
                                      Volkswagen was the first carmaker to warn
                                  of a chip supply crunch. It said in February
                                  that chip shortage will impact production at
                                  some of its plants. VW's production sites in
                                  Wolfsburg and Kassel are
                                  affected.            
 Renault SA                       Has estimated the chip shortage could reduce
                                  its production by about 100,000 vehicles this
                                  year.             
 Visteon Corp                     The auto parts supplier has said uncertainty
                                  around the semiconductor shortages will lead
                                  to some plant closures in the first half of
                                  2021, before it stabilizes during the second
                                  half.             
 Honda Motor Co                   Has cut North America production citing
                                  supply chain issues that have wreaked havoc
                                  with the auto industry.             
                                      Has cut its 2021 sales target by 100,000
                                  vehicles, or 2.2% to 4.5 mln cars due to the
                                  chip shortage. 
 Nissan Motor Co                  The company warned that the global shortage
                                  of semiconductor chips will significantly
                                  hurt sales volume in the July-September
                                  quarter, but added that demand for its newly
                                  launched, pricier models will mitigate the
                                  impact on profits.
                                      Nissan hopes to make up for production
                                  and sales losses during the latter half of
                                  the fiscal year ending March 2022 and expects
                                  semiconductor shortages to ease during that
                                  period, Chief Operating Officer Ashwani Gupta
                                  told reporters.             
 Tesla Inc                        CEO Elon Musk said in July Tesla was coping
                                  with the chip shortage by using alternative
                                  chips and rewriting software.             
 Stellantis NV                    Production at Stellantis' Eisenach factory in
                                  Germany and its Zaragoza plant in Spain were
                                  impacted due to the shortage. Union sources
                                  told Reuters in February that Stellantis
                                  planned to slow production at its Melfi plant
                                  in Italy and furlough 7,000 workers.
                                                          
 Sony Corp                        CFO Hiroki Totoki said it is difficult for
                                  the company to increase production of the PS5
                                  amid the shortage of semiconductors.
                                              
 Zhejiang Geely Holding Group Co  Volvo Cars, which is owned by China's Geely
 Ltd                              Holding, has said will temporarily stop or
                                  adjust production in China and the United
                                  States for parts of March due to a global
                                  shortage of semiconductor chips.             
 Volvo AB                         Volvo AB said it expects shortage of
                                  semiconductors to have negative impact on
                                  earnings and cash flow and warned of a
                                  substantial hit on production in the second
                                  quarter.             
                                  
 Acer Inc                         Andrew Hou, Acer's president for Pan-Asia
                                  Pacific Operations, said he expected better
                                  supplies in the second quarter compared with
                                  the first quarter of this year, and that the
                                  situation in the second half will be better
                                  than the second quarter.             
 Toyota Motor Corp                Toyota said it will slash global output for
                                  September by 40% from its previous plan,
                                  including temporary production suspension in
                                  14 factories in Japan and overseas plants due
                                  to chip shortage amid COVID-19 resurgence
                                  across Asia.             
                                  
 Taiwan Semiconductor             TSMC said in July the auto chip shortage will
 Manufacturing Co                 gradually reduce for its customers from this
                                  quarter but expects overall semiconductor
                                  capacity tightness to extend possibly into
                                  next year. It also signaled plans to build
                                  new factories in the United States and Japan
                                  to cope with the surge in demand for chips.
                                              
 Advanced Micro Devices           AMD CEO Lisa Su said in July that though
                                  supply chain was tight, the company has been
                                  planning well with its partners.
                                      AMD has responded to limited industry
                                  capacity by focusing on selling only its most
                                  profitable chips.             
 Samsung Electronics Co Ltd       The company cautioned in July that the global
                                  shortage of non-memory chips still poses a
                                  risk to forecasts, while uncertainties
                                  related to COVID-19 and geopolitical tensions
                                  were likely to persist.             
 Intel Corp                       The company said in July it still faces
                                  supply chain constraints and gave an annual
                                  sales forecast that implied a weak end of the
                                  year.             
 
 (Reporting by Tiyashi Datta, Chavi Mehta, Akanksha Rana and Eva Mathews in
Bengaluru; Editing by Aditya Soni and Sherry Jacob-Phillips)
  
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