As the global semiconductor chip shortage drags on, various firms are responding to supply challenges with various strategies. Now that 2022 is drawing closer, companies in the chip manufacturing industry seem to be gearing up for greater competition.
Tesla’s share crashed 4.3% at the end of the trading day yesterday. The announcement about the U.S. investigation which was sparked by the EV maker’s autosystem failing could have been the reason for the fall.
Netflix released its Q1 2021 earnings report on Tuesday. Subscriber growth was only about 4 million subscribers as opposed to the 6.25 million expected by analysts. Additionally, the company’s guidance for new users in Q2 was cut back to 1 million instead of the forecasted 4.8 million.