computer chips

The European Union’s executive branch said Thursday that it has temporarily banned TikTok from phones used by employees.

Honda’s profit dropped 32% in the last quarter as rising material costs and a shortage of computer chips hurt the Japanese automaker.

Nissan reported a profit for the July-September quarter, managing to reverse earlier losses despite challenges.

Record electric vehicle sales last summer amid a shortage of computer chips and other materials propelled Tesla Inc. to the biggest quarterly net earnings in its history.

The global shortage of computer chips is getting worse, forcing automakers to temporarily close factories.

As the US economy rebounds from its pandemic slump, a vital cog is in short supply.