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Cerebras shares are up more than 10% after AMD partnered with the company to develop an integrated chip-based AI inference platform.AMD (AMD.O) and Cerebras Systems will launch an AI inference solution that combines AMD Helios GPU server racks with Cerebras wafer-level chips.On July 24, the Trump administration reiterated its trade grievances against the European Union, stating that the EUs fines against U.S. tech companies and its recent loan to Airbus could undermine constructive negotiations between the two sides. "Real dialogue can only take place during a ceasefire," U.S. Trade Representative Greer said in a statement on Thursday. "The EUs recent actions have undermined these efforts and pose a real risk to the continued stability of transatlantic trade relations." The European Commission announced on Thursday that Google had been fined approximately $1 billion for violating the Digital Markets Act. Greer called this decision, along with other recent rulings against Google, "unjustifiable financial penalties." Greer stated, "The EU continues to target the most competitive U.S. companies. While the EU frequently claims to want our trade relationship to remain stable and predictable, these actions introduce significant uncertainty into U.S. exports of goods and services to Europe."According to Irans Tasnim News Agency: A tanker belonging to the Iranian fleet entered the Sea of Oman from international waters minutes ago, ignoring a blockade claimed by the United States.Market news: A fire broke out at a gas station in Sumy, Ukraine. Local officials had previously stated that the location had been the target of a targeted attack by Russia.

Parts Scarcity Forces Ford and GM to Shut Down Two Michigan Factories

Aria Thomas

Apr 01, 2022 09:55

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Ford, the United States' No. 2 manufacturer, announced it will halt production at its Flat Rock Assembly Plant, where the Mustang is built, next week due to a worldwide semiconductor shortage.


GM said that it will halt production at its Lansing Grand River assembly plant next week due to a temporary component shortage. The plant produces the Cadillac CT4, Cadillac CT5, and Chevrolet Camaro. GM said that the manufacturing pause was not connected to chips but did not give any details.


The automotive sector is now battling a worldwide chip scarcity caused by the COVID-19 epidemic, which has forced firms to reduce output, while high vehicle prices have largely offset the financial effect.


Ford warned last month that the chip shortfall would result in a reduction in current-quarter car sales. Ford paused production at its Kansas City assembly plant, which produces F-150 pickup trucks, for a week last month owing to a chip shortage.


Ford Motor Company, located in Dearborn, Michigan, said that manufacturing at its other North American factories would continue as usual.


GM said last week that it will cease production at a Fort Wayne, Indiana, assembly facility that makes the Chevrolet Silverado 1500 and GMC Sierra 1500 pickup trucks for two weeks starting April 4 due to a semiconductor chip shortage.


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