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China’s auto sales up 27% in 2021, but hurt by chip shortage

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BEIJING — China’s auto sales rose 27% in the first half of 2021 from a year earlier but still were below pre-pandemic levels, and...

New auto sales, prices rise as chip shortage cuts US supply

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U.S. consumers continued to spend wildly on new automobiles in the second quarter, pushing sales up 50.2% over last year despite tight dealer inventories...

Japan’s Toshiba wins approval for board, despite controversy

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TOKYO — Battered Japanese nuclear and electronics giant Toshiba Corp. faced off with shareholders Friday, seeking to shake off serious questions about governance at...

US retail sales fell 1.3% in May, chip shortage dings autos

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NEW YORK — Retail sales fell in May, dragged down by a decline in auto sales, likely due to fewer cars being made amid...

Behind in quantum compute race, Germany gets boost from IBM

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BERLIN — IBM on Tuesday unveiled one of Europe's most powerful quantum computers in Germany, boosting the country's efforts to stay in the race...

Ferrari taps European chip-maker executive as new CEO

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MILAN — Luxury sports carmaker Ferrari has tapped Benedetto Vigna, an Italian executive at Europe’s largest semiconductor chipmaker, as its new CEO, the company...

Apple previews new software for iPhone, other gadgets

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NEW YORK — Apple kicked off its second annual all-virtual developer conference with a keynote that outlined new updates to its software for iPhones...

Automotive chip maker says it’s nearly recovered from blaze

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DETROIT — A fire-damaged Japanese factory that supplies many of the auto industry's computer chips is producing about 88% of what it was making...

Senate eyes R&D bill to counter China, bolster manufacturing

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WASHINGTON — What started as a pragmatic effort to boost scientific research and development has morphed into sweeping Senate bill aimed at making the...

Senate eyes R&D bill to counter China, bolster manufacturing

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WASHINGTON — What started as a pragmatic effort to boost scientific research and development has morphed into sweeping Senate bill aimed at making the...