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FACTBOX-Chip shortage hits global manufacturing

 (Updates GM, Ford; adds Apple, Acer)
    April 9 (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 has 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                        Production of some of Apple MacBooks and
                                  iPads has been postponed due to a global
                                  component shortage, the Nikkei reported.
                                              
 Volkswagen AG                    Truckmaker Scania, part of Volkswagen AG's
                                  commercial vehicle arm Traton SE          ,
                                  might have to stop production as a shortage
                                  of semi-conductors threatens deliveries,
                                  Swedish media has quoted it as saying.
                                              
                                      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                  Has said that the chip shortage has led it to
                                  cut production at its plants in Smyrna,
                                  Tennessee, Canton, Mississippi, and
                                  Aguascalientes, Mexico. It did not disclose
                                  how much volume would be lost due to the
                                  action.              
                                      Earlier had lowered its target by 150,000
                                  vehicles, or 3.6%, to 4.015 mln units
                                              
 Tesla Inc                        CEO Elon Musk said Tesla's Fremont,
                                  California plant shut down for two days in
                                  February due to "parts shortages".
                                               
 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's Czech unit Toyota Motor
                                  Manufacturing Czech Republic said it will
                                  halt production at its car plant in Kolin,
                                  east of Prague, for 14 days from March 22 due
                                  to a shortage of semiconductors, news agency
                                  CTK reported.             
 
 (Reporting by Tiyashi Datta, Chavi Mehta and Akanksha Rana in Bengaluru;
Editing by Ramakrishnan M., Shailesh Kuber and Rashmi Aich)
  
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