How long before the big announcement?, page-445

Shortage

The global shortage of semiconductors is starting to have serious effects for automakers, with Honda Motor Co. saying it will suspend production at some U.S. plants while Toyota Motor Corp. has already scaled back productiondue to the lack of chips. Industry leaders told a Senate committee yesterday that more incentives are needed for domestic production to reduce the reliance on foreign supplies of semiconductors. Samsung Electronics Co. warned that the supply crunch may delay the launch of its latest phone while Volkswagen AG said it has lost production of 100,000 cars worldwide. There is little good news on the immediate horizon, with Renesas Electronics Corp.’s top executive warning the shortage may last into the second half of this year.

Common MNS! Production can’t start soon enough