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South Koreas Hyundai Motor Co, Swiss industrial robot maker ABB and Swedish refrigerator maker Electrolux, among others, see an easing of semiconductor chip shortages, a boost for manufacturers long vying for parts.
South Korea's Hyundai Motor Co, Swiss industrial robot maker ABB and Swedish refrigerator maker Electrolux, among others, see an easing of semiconductor chip shortages, a boost for manufacturers long vying for parts, Reuters reported.
While an easing of chip shortages will ease the woes of the manufacturing sector, the industry is also battling factors such as rising raw material prices, tight energy markets and rising interest rates that have dampened consumer demand.
Hyundai Motor reported its highest second-quarter net profit in eight years. Hyundai Motor's second-quarter net profit rose from 1.8 trillion won in the same period a year earlier, as continued weakness in the won boosted its overseas profits and demand for the company's high-margin SUVs and high-end Genesis vehicles continued to be strong. increased to 2.8 trillion won. The automaker was also buoyed by an easing of global chip shortages.
Time:2024-11-16
Time:2024-11-16
Time:2024-11-16
Time:2024-11-16
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