A scarcity of computer chips globally forced the world's second-largest automaker Volkswagen to announce lower than expected operating profit for the third quarter while also lowering down its forecast for delivery of its vehicles as well as its estimates for sales.   The company also warned...

In order to compensate for the pain inflicted by supply chain bottlenecks, Detroit automakers Ford Motor Co and General Motors Co taking benefited from the voracious appetite and demand for trucks and SUVs from American consumers.   However, the production disruptions caused by the shortage...

Twitter Inc was apparently able to dodge the effects of Apple Inc's privacy rules on advertising, which hampered its competitors, as it reported a 37 per cent hike in its quarterly revenue. That sent its stocks up by 3 per cent.   In order to meet its aim of tripling annual revenue by 2023,...

Global supply chain issues will continue to plague critically important business divisions of Microsoft Corp like those that manufacture its Surface laptops and Xbox gaming consoles, warned the company even while anticipating a solid end to the calendar year driven by its burgeoning cloud business....

Computer peripherals maker Logitech International SA reported a continued increase in demand for its products primarily from customers hunkered at home either working or studying resulting in the company registering growth in sales for its second quarter.    There was a 4 per cent rise...

Social media company Facebook Inc will now begin making public financial performance of the augmented and virtual reality labs of the company, the company said on Monday. The company invests billions in its plans for these labs to develop the "metaverse."   The company also said that...

The German auto-making giant Daimler AG expects to stabilize its supply chain for semiconductor chips during this current quarter, said the company’s Chief Executive Ola Kaellenius.   However, the company also anticipates that it would not be until 2023 that the global auto industry will see...

According to reports quoting sources with information, China Evergrande Group has apparently managed to have avoided a default with a last-minute bond coupon payment, giving it another week to deal with a debt crisis hanging over the second-largest economy of the world.   In the future, it...

The United States Food and Drug Administration granted permission to Roche Holding AG for its eye implant used for treating a chronic disease that causes impaired vision. This will now provide patients with an alternative of having to take monthly eye injections under the currently available...

After beating Wall Street forecasts for third-quarter revenue driven by record deliveries, United States based electric car maker Tesla Inc has said that there would be pressure on its margins because of forthcoming plants and supply-chain challenges.   Compared to its competitors, Tesla,...

Carmakers around the world are troubled with the shortage of semiconductor chips and many have already downgraded their targeted production for the current year.   The latest to join the list is the French carmaker Renault.   The global scarcity of semiconductor chips has forced the...