Japanese motor industry giant Toyota saw its profits fall by 21% for the last three months of 2021 as the global chip shortage hit production. The company said that its third quarter operating profit came in at 784.4bn yen (£5bn; $6.8bn). The world’s best-selling carmaker also cut its annual production target by 500,000 vehicles to […]
SoftBank’s record-breaking sale of a prized chip designer to Nvidia has officially been called off. At an initial value of $40 billion, the US chipmaker’s acquisition of British design firm ARM would have been the largest semiconductor deal on record. But regulators around the world have long raised concerns about the deal, eventually leading to […]